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kramer
3 years ago
12

The original value of a car is 18000, and it depreciates (loses value) by 15% each year. What is the value of the car after thre

e years?
Mathematics
1 answer:
Mkey [24]3 years ago
4 0
At the end of each year, the value is 100% -15% = 85% = 0.85 what it was at the beginning of the year. After 3 years, the value is
.. 18,000*0.85^3 = 11,054.25
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