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17 October, 08:39

A car purchased in 2014 was worth $21,000. It has depreciated at an annual rate of 8.5%. What will its value be in 2021? round answer to the nearest penny

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  1. 17 October, 08:43
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    The answer would be 8505.00 dollars
  2. 17 October, 08:44
    0
    First, subtract 2021-2014=7.

    Multiply 8.5 x 7 = 0.595.

    Then, multiply 21,000 x 0.595 = 12,495
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