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The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. What is the value of the car after three years?

The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. What is the value of the car after three years?
asked 105k views
5 votes
The original value of a car is $22,000, and it depreciates (loses value) by 15% each year. What is the value of the car after three years?

asked
User Pavlee
by
8.3k points

2 Answers

5 votes

Answer:

13,510.75

Explanation:

APE X

answered
User Philipp Otto
by
8.4k points
3 votes

I think the answer would be 15,054.25$

answered
User Yan QiDong
by
8.1k points
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