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kogti [31]
3 years ago
7

William recently purchased a new car for $28,000. The car’s value depreciates 7% each year. What will be the value of the car 5

years after it was purchased? round to nearest dollar.
Mathematics
1 answer:
jarptica [38.1K]3 years ago
7 0

Answer:$18200

Step-by-step explanation:

Find the depreciating price after one year

7% of 28000

7/100* 28000=$1960 is the depreciating cost

Multiple the depreciating cost by 5 year

1960*5=9800

Actual cost - depreciating cost after 5 year

28000-9800= $18200

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