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A car sells for 25,000.if the rate of depreciation is 15%,what is the value of the car after 7 years

A car sells for 25,000.if the rate of depreciation is 15%,what is the value of the car after 7 years
asked 43.4k views
4 votes
A car sells for 25,000.if the rate of depreciation is 15%,what is the value of the car after 7 years

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User Sphvn
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8.4k points

1 Answer

6 votes
25000(1-0.15)^7 = $8014.43
answered
User Valeh Hajiyev
by
8.5k points
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