josuelizama07pe4uv6 josuelizama07pe4uv6
  • 24-04-2019
  • Mathematics
contestada

A new car is purchased for 23700 dollars.the value o the car depreciates at 13.5% per year what will be the value of the car be,to the nearest cent,after 10 years

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Ayeitsdj
Ayeitsdj Ayeitsdj
  • 28-04-2019

it will be 31,995 but we have to estimate yo the nearest cent so 10 cents

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tatendagota
tatendagota tatendagota
  • 04-03-2020

Answer:

Step-by-step explanation:

let the price of the car be $ 23 700

The depreciation will be 13.5 % per year

Thus, the car will depreciate at a rate of :

[tex]\frac{13.5}{100} * 23700\\ = 3199.5[/tex]

After 10 years, the car will be: = $  23 700 - (10× $ 3199.50)

                                                  = - $ 4 695

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