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jolli1 [7]
3 years ago
5

Bradley is purchasing a new car for 37000. If the car loses 20%of its value every year, how much will the car be worth in 7 year

s?
Mathematics
1 answer:
spayn [35]3 years ago
6 0
ANSWER

After 7 years the car will worth, 7,759.5

EXPLANATION

The initial value of the car is 37000.

The rate of depreciation is 20%

In 7 years time, we can calculate the value of the car using the formula,

A=P(1-r\%)^n

We substitute the values into the formula to obtain,

A=37000(1-0.2)^7

A=37000(0.88)^7

A=7759.5 to the nearest tenth
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