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The value of the car reduces by 15% every year from 2012.

Find the year in which the value of the car will first be below 25% of the price Paulo paid in 2010.

User Lubin
by
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1 Answer

2 votes

Answer:

2020

Happy New Year!

Explanation:

Paulo Received his car in 2010. 2 years later his car started depreciating. Our goal here is to find the year that his car is worth less than 25% of what he actually paid. Let say he paid $7000 for the car multiply that by 0.25 and you 25% of what he paid which is $1750. That is the goal number. So we can take 15% off of 7000 every year starting from 2012.

2012 - $5950

2013 - $5057.50

2014 - $4298

2015 - $3653

2016 - $3105

2017 - $2639

2018 - $2243

2019 - $1907

2020 - $1621

I hope this helps you.

User Thisfeller
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