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19 January, 14:42

The value of a car is $15,000 and depreciates at a rate of 8% Per year. What is the value after seven years

$25,707.36

$8367.70

$6600

$800

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Answers (1)
  1. 19 January, 17:29
    0
    A = P (1 + rt)

    A=15,000 (1+.08*7)

    A=23400
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