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Alekssandra [29.7K]
3 years ago
8

At the start of 2014 Mike's car was worth ?12000.The value of the car decreased by 30% every year.Work out the valure of his car

at the start of 2017
Mathematics
2 answers:
Contact [7]3 years ago
6 0

Answer:

$1200

Step-by-step explanation:

12,000*(-90%)

12,000*(.1)=1200

Oduvanchick [21]3 years ago
5 0

Answer:

$6860.

Step-by-step explanation:

We have been given that at the start of 2014 Mike's car was worth $12000.The value of the car decreased by 30% every year.

We will exponent decay formula to solve our given problem.

y=a\cdot (1-r)^x, where,

y = Final value,

a = Initial value,

r = Decay rate in decimal form.

30\%=\frac{30}{100}=0.30  

Initial value of car is $12000.

3 years from 2014 to 2017.

y=20,000\cdot (1-0.30)^3

y=20,000\cdot (0.70)^3

y=20,000\cdot 0.343

y=6860

Therefore, the value of car at the start of year 2017 would be $6860.

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