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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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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?.

User Sriram Murali
by
3.2k points

1 Answer

8 votes

Answer:

$923.54

Step-by-step explanation:

16400(0.75)^x

16400(0.75)^10 = 923.54

User Michael Lenzen
by
3.5k points
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