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Brut [27]
2 years ago
15

the original purchase price of a car is 12,000. Each year, its value depreciates (loses value) by 5%. Three years after its purc

hase, what is the value of the car?
Mathematics
2 answers:
Phoenix [80]2 years ago
8 0

Answer:

10,200

Step-by-step explanation:

klasskru [66]2 years ago
3 0

P(1-r)^n

r = decimal form of the interest rate percent

n = amount of years

principal times (1 - decimal form of the interest rate percent) to the (amount of years) power

12000 (1-.05)^3

use PEMDAS

12000 times (.95)^3

12000 times .857375 =

ANSWER:

10288.5

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murzikaleks [220]

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