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8 June, 20:56

A car sells for 16,000. If the rate of depreciation is 18%, find the value of the car after 8 years.

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  1. 8 June, 21:10
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    Step-by-step explanation:

    price after 8 years Amount=P (1-0.18) ^8

    Amount=16,000 (1-0.18) ^8

    =16,000 (0.82) ^8

    ≈3270.63 $
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