The value of the car is January 2003 is $199,148.54.
<h3>What is the value of the car?</h3>
Depreciation is the rate of decline in the value of an asset with the passage of time.
The exponential equation that can be used to determine the value of the car is:
Value of the car = purchase value(1 - rate of decline)^time
400,000 x (1 - 0.16)^(2003 - 1999)
400,000 x (0.84^4) = $199,148.54
To learn more about depreciation, please check: brainly.com/question/15085226
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Answer:
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Step-by-step explanation:
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The answer would be -3/2
A reciprocal is the inverse of a number.
When using this in fractions just switch the numerator and denominator. This is done by dividing the fraction by one, but in the case of a negative fraction you would divide by negative 1.
Answer:
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