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22 March, 14:33

You purchase a brand new red car for $23,400. If the car depreciates at a rate of 15% per year, find the decrease in value from the end of the second year of ownership to the end of the third year of ownership.

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  1. 22 March, 16:02
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    After two years the value of the car would of gone down by $1,755 leaving the total amount the car is worth at 21,645
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