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2 October, 09:26

Bruce bought his car for $24,380. It is expected to depreciate an average of 14% each year during the first 6 years.

What will the approximate value of his car be in 6 years?

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  1. 2 October, 10:35
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    14% of 24,380 is 3413.2 that's is going to be the devaluation each year.

    24,380 x. 14 = 3413.2

    Then you need to multiply 3413.2. X 6 which is the amount of years he is going to use the car and that's going to be equal to 20479.2

    So 24,380 - 20,479 = 3900.8 which is going to be the value of the car in 6 years
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