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noname [10]
3 years ago
8

A new car is purchased for 16500 dollars. The value of the car depreciates at 5.75% per year. What will the value of the car be,

to the nearest cent, after 5 years?
Mathematics
1 answer:
Gnom [1K]3 years ago
7 0
A=16500(1-0.0575)^5
A=16,500×(1−0.0575)^(5)
A=12,271.30
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