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UkoKoshka [18]
3 years ago
11

A car is purchased for 16,500. After each year, the resale value decreases by 20%. What will the resale value be after 4 years?

Mathematics
1 answer:
Flauer [41]3 years ago
6 0

Answer:

≈ $6,758

Step-by-step explanation:

Using the formula;

A = P (1-r/100)^n

Where A is the amount after depreciation, P is the original amount before depreciation, r is the rate of differentiation, and n is the number of years.

A = 16,500 (1 -20/100)^4

   = 16,500 × 0.8^4

   = 6,758.4

   <u>≈ $6,758 </u>

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