You have bought a car for $22,000. It depreciates in value by 3% every month. What will the car be worth after 2 years?

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asked Aug 23, 2023 32.1k views

6 votes

You have bought a car for $22,000. It depreciates in value by 3% every month. What will the car be worth after 2 years?

Mathematics
high-school

Ujjwal Singh asked

by Ujjwal Singh

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2 Answers

3 votes

Answer:

15,840

Explanation:

3 x 24 months = 72

72% of 22,000 = 15,840

Mtjhax answered Aug 24, 2023

by Mtjhax

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10 votes

Answer:

$9,011.20

Explanation:

I may have messed up with the calculation but I believe the answer is $9,011.20.

Posttwo answered Aug 28, 2023

by Posttwo

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