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Westkost [7]
2 years ago
6

A new car is purchased for 20000 dollars. The value of the car depreciates at 12.5% per year. What will the value of the car be,

to the nearest cent, after 11 years?
Mathematics
1 answer:
exis [7]2 years ago
5 0
<h3>♫ - - - - - - - - - - - - - - - ~<u>Hello There</u>!~ - - - - - - - - - - - - - - - ♫</h3>

➷ final = original x multiplier^n

n is the number of years

Substitute in the values:

final = 20,000 x 0.875^11

final = 4603.8225

The answer would be $4603.82

<h3><u>✽</u></h3>

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

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