Mathematics

30 July, 20:25

Kelly bought a new car for $20,000. The car depreciates at a rate of 10% per year. What is the decay factor for the value of the car? Kelly bought a new car for $20,000. The car depreciates at a rate of 10% per year. What is the decay factor for the value of the car? Use your equation to determine the value of the car six years after Kelly purchased it.

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