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A car sells for $16,000. If the rate of depreciation is 18% find the value of the car after eight years round to the nearest penny

A car sells for $16,000. If the rate of depreciation is 18% find the value of the car after eight years round to the nearest penny
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2 votes
A car sells for $16,000. If the rate of depreciation is 18% find the value of the car after eight years round to the nearest penny

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User Yen
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7.8k points

2 Answers

4 votes
16000-18%=13,120

13,120×8yrs= 104,960

answered
User Andomar
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8.2k points
5 votes
$3270.63 because 16000x0.82(to the power of 8)
answered
User Waqleh
by
8.1k points
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