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3. A man bought a car for $60 320. After using it for 2 years he decides to trade in the car. The company estimated a depreciation of 10% for the first year of its use and a further 15% on its reduced value for the second year.(a) Calculate the value of the car after two years.(b) Express the value of the car after two years as a percentage of the original value.

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Answer:

a. £46144.8

b. ?

Explanation:

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