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Novay_Z [31]
4 years ago
9

a car cost $20,000 when it was purchased. the value of the car depreciates by 8% each year. find the rate of decay each month.

Mathematics
2 answers:
Amanda [17]4 years ago
5 0
Hi there

the rate of decay each month
0.08÷12months=0.00667
0.00667×100=0.667% each month

Hope it helps
d1i1m1o1n [39]4 years ago
4 0
8% -> 12 month

x    -> 1 month


x = 1 * 8/12 = 0.67 %
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