Question

help me please!!!! Dan's car depreciates at a rate of 8% per year. By what percentage has Dan's car depreciated after 3 years? Give your answer to the nearest percent.

Answer 1

Hello!

Here is your answer:

22%

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Explanation:

Answer 2

22%

Explanation:

Car's price is reduced by 8% or 0.92 times a year

after 3 years it will make:

• 0.92³= 0.778688≈ 0.78 times

or

• 0.78 = 1- 0.22
• price decrease = 22%