A cars value starts at $32,000. After 1 year, it is worth $27,200. What is the decay factor?
1 answer:
Answer:
15% × 7 = 1.05
32,000 - 1.05 = 31,998.95
31,998.95 ‐‐‐‐‐> 31,999
$31,999
(If you don't need to simplify, the answer would be $31,998.95, but I did it just incase you do)
Step-by-step explanation:
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