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A vehicle purchased for $20700 depreciates at a constant rate of 5% . Determine the approximate value of the vehicle 10 years after purchase.

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asked Jul 11, 2022 129k views

4 votes

A vehicle purchased for $20700 depreciates at a constant rate of 5% . Determine the approximate value of the vehicle 10 years after purchase.

Mathematics
college

Ahmad Nawaz asked

by Ahmad Nawaz

7.6k points

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1 Answer

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Answer:

I believe it is 12,393.86

Mrowe answered Jul 16, 2022

by Mrowe

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A vehicle purchased for $20700 depreciates at a constant rate of 5% . Determine the approximate value of the vehicle 10 years after purchase.

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