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In the year 2005, a person bought a new car for $14000. For each consecutive year after that, the value of the car depreciated by 14%. How much would the car be worth in the year 2008 to the nearest hundredth?
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In the year 2005, a person bought a new car for $14000. For each consecutive year after that, the value of the car depreciated by 14%. How much would the car be worth in the year 2008 to the nearest hundredth? PLEASE HELP!!!!!!!

User Bobblez
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7.9k points

2 Answers

7 votes

Answer:

8900

Explanation:

In the year 2005, a person bought a new car for $14000. For each consecutive year-example-1
User Fubo
by
8.5k points
2 votes

100%-14%=86%

2006, 2007, 2008 = 3 year

14 000$ *0,86³= 14000*0,636056=8904,784

answer ≈8904,78$

User Virendra Kumar
by
7.9k points
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