The value of a car is depreciating at a rate of 5% per year. In 2015, the car was worth $32,000. Find the value of the car in 2018.

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14 votes

The value of a car is depreciating

at a rate of 5% per year. In 2015,
the car was worth $32,000. Find
the value of the car in 2018.

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20 votes

32,000 x 3

96,000

Answer: 96,000

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