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Alex777 [14]
3 years ago
15

According to one web page on the resale value of cars, a BMW that cost $71,000 in 2003 depreciates in value about 15% a year. Ho

w much was it worth in 2013?
Mathematics
1 answer:
dedylja [7]3 years ago
8 0
Depreciate- to lose value over time

it loses 15% over one year meaning that it retains 85% of its value from the previous year<span>.

2003-2013= 10 years

71,000 * (0</span>.85^10yrs)= $13,978<span>.</span>08

Do you have any questions?
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