A car worth $12,000 decreases in value by 7 percent every year. After five years, it is worth $8,976.
1 answer:
I do not think that is the right answer.
But, this might be,
12,000 x 0.07 = 840.
840 x 5(the years) = 4,200.
12,000 - 4,200 = 7,800.
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