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expeople1 [14]
3 years ago
9

A car is purchased for $24,000 . After each year, the resale value decreases by 20% . What will the resale value be after 5 year

s? Use the calculator provided and round your answer to the nearest dollar.
Mathematics
1 answer:
aliya0001 [1]3 years ago
6 0

Answer:0

The can will have no value after 5 years

Step-by-step explanation:

If it lost 20% value in the first year after 5 year is amount to 100% devalued making it worth nothing at the fifth year.

20/100*24000=$4,800 in the first year

After the first year the value will be

Therefore in five year the value will be

4800*5= $24000 devalued

Making the car zero worth

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