A new car is purchased for 16400 dollars. The value of the car depreciates at 8. 25% per year. What will the value of the car be, to the nearest cent, after 10 years?.

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asked Mar 22, 2023 224k views

5 votes

A new car is purchased for 16400 dollars. The value of the car depreciates at 8. 25% per year. What will the value of the car be, to the nearest cent, after 10 years?.

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Sriram Murali asked

by Sriram Murali

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1 Answer

8 votes

Answer:

$923.54

Step-by-step explanation:

16400(0.75)^x

16400(0.75)^10 = 923.54

Michael Lenzen answered Mar 26, 2023

by Michael Lenzen

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