Question

PLEASE HELP MEE

Hamish buys a new car for 520000
The car depreciates in value by 19% each year.
Work out the value of the car at the end of 3 years.
Give your answer to the nearest $.

Answer 1

$3,567.00

Explanation:

Here is how I got it!

First, you will have to borrow the 520,000 from the word problem.

Next, multiply 520,000 with 0.19 with the power of 3

`520,000*0.19^3=n`

The 3 is the number of years, n is the nearest $ answer.

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First, do
`0.19^3`

`0.19*0.19*0.19=0.006859`

(Again, that's a crazy number!)

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With 0.006859, multiply it with 520,000

`520,000*0.006859=3566.68`

3566.68 is technically (in money) $3,566.68 (with .68 being sixty-eight cents).

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Finally, it states to answer to the nearest $.

Just round up the .68 to 1 dollar which will just add one more dollar to 3,566

`3,566.32` ⇒
`3,567.00` (since .32 is below .50, you can't round it UP)

Add you $ symbol

With the result being: $3,567.00

Answer 2

$223,600

Explanation:

1. Multiply 520000 by 0.19 and get an answer of 98800. This is how much by which the car depreciates every year.

2. Now multiply 98800 by 3 (years). Now your answer would be 296400.

3. Now minus the depreciated value from the original value which is 520000-296400=223600.

Not sure about the answer but I hope this helped a bit