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17 June, 22:20

A $30,000 car depreciates in value 12% a year. How much will the car he worth in 5 years?

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  1. 17 June, 22:36
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    The car will be worth $ 12,000

    Explanation:

    take away 12% each year

    year 1: 26,400 (-12% from 30,000)

    year 2: 22,800 (-24% from 30,000)

    year 3: 18,600 (-36% from 30,000)

    year 4: 15,600 (-48% from 30,000)

    year 5: $ 12,000 (-60% from 30,000)
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