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You purchase a car for $16,000. The car's value depreciates 12% for each year of ownership. After how many years of ownership is the value of the car about $14,000? A) 1 ye…

You purchase a car for $16,000. The car's value depreciates 12% for each year of ownership. After how many years of ownership is the value of the car about $14,000? A) 1 ye…
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You purchase a car for $16,000. The car's value depreciates 12% for each year of ownership. After how many years of ownership is the value of the car about $14,000?

A) 1 year
B) 2 years
C) 3 years
D) 4 years

You purchase a car for $16,000. The car's value depreciates 12% for each year of ownership-example-1
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User Tewe
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1 Answer

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after 1 year the cars worth would be about 14000 so the answer would be A
answered
User Srikar Kulkarni
by
8.4k points
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