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VARVARA [1.3K]
3 years ago
11

Mariah purchased a car for $8,599. If the rate of depreciation is 2.5%, what will the value of the car be after 4 years? Round y

our answer to the nearest hundredth.
Mathematics
1 answer:
Firdavs [7]3 years ago
3 0

Answer:

\$7,770.81  

Step-by-step explanation:

we know that

The  formula to calculate the depreciated value  is equal to  

V=P(1-r)^{x}  

where  

V is the depreciated value  

P is the original value  

r is the rate of depreciation  in decimal  

x  is Number of Time Periods  

in this problem we have  

P=\$8,599\\r=2.5\%=0.025\\x=4\ years

substitute

V=\$8,599(1-0.025)^{4}=\$7,770.81  

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