Question

A new Honda Civic costs $ 22 , 000 the year it is made. This car depreciates, losing value at a rate of 5 % each year on average. After 3 years, what is the amount the car has lost in value?

Answer 1

Answer: 3300

Step-by-step explanation: Three years is 15%, 15% of 22,000 is 3,300

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