Question #323193

A new car is purchased for 15300 dollars. The value of the car depreciates at 14.25% per year. What will the value of the car be, to the nearest cent, after 6 years?


1
Expert's answer
2022-04-05T02:30:47-0400

V=15300(1−0.1425)6=6082.70.V=15300(1-0.1425)^6=6082.70.


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