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lukranit [14]
3 years ago
11

The value of a car depreciates by 15% each year. The value of the car when new is $14000. WHat will be the value of the car afte

r 1 year.
Mathematics
1 answer:
deff fn [24]3 years ago
6 0

Answer:

$11,900

Step-by-step explanation:

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Step-by-step explanation:

Step 1:

Savings account A has an APR of 5% which compounds interest semiannually. This means that savings account A compounds twice in a year. If account A compounds 5% a time, it would compound 5(2) = 10% in a single year.

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Savings account B also has an APR of 5% which compounds interest quarterly. This means that savings account B compounds four times in a year. If account B compounds 5% a time, it would compound 5(4) = 20% in a single year.

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