The original price of a car is $25000. Each year, its value depreciates (loses value) by 13%. Three years after its purchase, wh
at is the value of the car?
1 answer:
Answer:
$16,462.58
Step-by-step explanation:
25000(1-.13)^(n)
where n is the years
25000(.87)^3
put this into a calculator and get
16462.57
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