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The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. what is the value of the car after three years?
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The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. what is the value of the car after three years?

User Mikhail V
by
8.0k points

2 Answers

1 vote

Answer:$13,510.75

Explanation:

APE X

User Will Ryan
by
7.8k points
6 votes
22,000÷100= 220
1% = £220 depreciation
15 % = 220×15= 3,300
45% = 3,300×3=9,900

22,000-9,900= £12,100

final answer is £12,100 after 3 years .
User Gezzasa
by
7.6k points
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