You bought a car 5 years ago for $10,000. The car depreciates 12% a year. What is the car worth now?
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Answer:
There was a increase of 1.7% over these three years
Step-by-step explanation:
Multipliers:
For a decrease of a%, we multiply by:
For a increase of a%, we multiply by:
What was the percentage increase/decrease of groundhogs over these three years?
Decrease of 12%(multiplication by 0.88).
Increase of 6%(multiplication by 1.06).
Increase of 9%(multiplication by 1.09).
After these three years:
0.88*1.06*1.09 = 1.017
1.017 - 1 = 0.017
0.017*100% = 1.7%
There was a increase of 1.7% over these three years