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Ronch [10]
3 years ago
14

A vehicle purchased for $29,800 depreciates at a constant rate of 4%. Determine the approximate value of

Mathematics
1 answer:
ANTONII [103]3 years ago
5 0

Answer:

$44104

Step-by-step explanation:

Given data

Cost = $29800

Rate= 4%

Time= 10years

Applying the formula below, we can find the cost after 10 years as

A=P(1+r)^t

A= 29800(1+0.04)^10

A=29800(1.04)^10

A=29800*1.480

A=$44104

Hence the new cost is $44104

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