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ryzh [129]
2 years ago
5

A new car is purchased for $23,700 the value of the car depreciates at 13. 5% per year what will the value the car be to the nea

rest cent after 10 years
Mathematics
1 answer:
murzikaleks [220]2 years ago
3 0

Answer:

Compound interest

$5557.88

Step-by-step explanation:

Everything starts at 100% and since it depreciates you subtract 13.5 from 100 =86.5% now we want percentage as a decimal so we divide by 100=0.865 our multiplier

Now you have the original amount that you purchased for times by the multiplier to the power of number of years=10

23700 times 0.865 power of 10

=5557.88

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