find the value of a 10 year old car if the purchase price was 25000 and it depreciates at a rate of 15% per year

asked Oct 17, 2021 215k views

2 votes

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4 votes

Answer:

Explanation:

value of car=25,000(1-0.15)^{10}

=25,000(0.85)^{10}

≈ 4921.86 $

Alex Wayne answered Oct 21, 2021

8.3k points

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