Kelly bought a new car for $20,000. The car depreciates at a rate of 10% per year.

Mathematics

1 answer:

Vlad1618 [11]3 years ago

3 0

Answer:

Use the formula.

P=P'(1-R/100)^T

where,

P=final rate

P'=initial rate

R=Rate of Depreciation

T=Time.

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