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A car is purchased for $27,000 . After each year, the resale value decreases by 30% . What will the resale value be after 3 years? Use the calculator provided and round your ans…
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A car is purchased for $27,000 . After each year, the resale value decreases by 30% . What will the resale value be after 3 years? Use the calculator provided and round your ans…
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Aug 4, 2019
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A car is purchased for $27,000 . After each year, the resale value decreases by 30% . What will the resale value be after 3 years? Use the calculator provided and round your answer to the nearest dollar.
Mathematics
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Ibrahim Disouki
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27000 x .3 = 8100
8100 x 3 = 24300
27000 - 24300 = 2700
Mark He
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Aug 6, 2019
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The multiplier for decreasing by 30% is 0.70. To get our answer we times the price by the multiplier to the power of the amount of years:
27,000 x 0.70³ ( it's to the power of 3 because of the three years)
= $9,261
IWheelBuy
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Aug 11, 2019
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