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You bought a guitar 6 years ago for $400. It's value decreases by about 13% per year. Write a formula to show the value of the guitar over those six years and determine its…
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You bought a guitar 6 years ago for $400. It's value decreases by about 13% per year. Write a formula to show the value of the guitar over those six years and determine its…
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Aug 26, 2019
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You bought a guitar 6 years ago for $400. It's value decreases by about 13% per year. Write a formula to show the value of the guitar over those six years and determine its current value
Mathematics
high-school
AHungerArtist
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this would be a depreciation formula
which is value = Original price x (1-percent change)^time
using the information from the problem
Value = 400 x(1-0.13)^6
value = 400 x 0.87^6
value = $173.45
Simshaun
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Aug 30, 2019
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Simshaun
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