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khalyah106069
khalyah106069 khalyah106069
  • 22-05-2015
  • Mathematics
Answered

Alex purchased a new car for $28,000. The car's value depreciates 7.25% each year. What will be the value of the car 5 years after it is purchased? Round your answer to the nearest dollar

Verified Answer :

Achilles22098
Achilles22098 Achilles22098
  • 22-05-2015

a = 28000(0.9275)^5

a = 19219

$19,219 is the answer

Hoped this helped

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