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20 July, 20:20

A car cost $20,000 when it was purchased. The value of the car decreases by 8% each year. Find the rate of decay each month and select the correct answer below.

A. - 0.006924%

B. - 0.006667%

C. - 0.666667%

D. - 0.6924%

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  1. 20 July, 20:39
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    The answer is - 0.6924%
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