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21 April, 19:06

The original value of the car is $18,000 it depreciates by 15% every year what is the value of the car after three years

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  1. 21 April, 22:45
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    The formula is

    A=p (1-r) ^t

    A the value of the car after 3 years?

    P current value 18000

    R rate of depreciation 0.15

    T time 3 years

    A=18,000 * (1-0.15) ^ (3)

    A=11,054.25
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