Tom spent $28,000 for a new car. The car will depreciate 10% each year. What will the car be worth after 6 years? Round your answer to the nearest cent. Do not include the dollar sign in your answer.

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asked Jul 5, 2022 123k views

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Tom spent $28,000 for a new car. The car will depreciate 10% each year. What will the car be worth after 6 years? Round your answer to the nearest cent. Do not include the dollar sign in your answer.

Mathematics
college

Okan Aslankan asked

by Okan Aslankan

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3 votes

Answer:

$16,800

Explanation:

Every year the % goes up by 10. Meaning in 6 years it will be at 60%

60% of $28,000 is $16,800

Chocorean answered Jul 10, 2022

by Chocorean

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