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Jonathan bought a car for $10,500. The car depreciates in value by 16% each year. How much is the car worth after 10 years? Round to the nearest hundredth. Oam-
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2 votes
Jonathan bought a car for $10,500. The car depreciates in value by 16% each year. How much is the

car worth after 10 years? Round to the nearest hundredth.
Oam-

User Istvanp
by
7.3k points

2 Answers

7 votes

Answer:

1836.46

Explanation:

10500*(84/100)^10=1836.46

User D Ta
by
8.8k points
2 votes

Answer:

Explanation:

Value of the car after 10years = 10500*(1 - [16/100]]¹⁰


=10500*((86)/(100))^(10)\\\\=10500*(0.86)^(10)\\\\=10500*0.1749

= $1836.45

User Manifest Man
by
8.3k points
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