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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 48.9k views
3 votes
A car sells for $25,000. If the rate of depreciation is 15%, what is the value of the car after 7 years?

asked
User Skinkelynet
by
8.9k points

2 Answers

6 votes

Answer:

$8,000

Explanation:

answered
User Xbb
by
8.5k points
6 votes
I believe the value of the car after 7 years will be 3,750. Do you agree?
answered
User Keegan Quinn
by
7.5k points
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