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18 December, 19:58

A car worth $12,000 decreases in value by 7 percent every year. After five years, it is worth $8,976.

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  1. 18 December, 20:17
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    I do not think that is the right answer.

    But, this might be,

    12,000 x 0.07 = 840.

    840 x 5 (the years) = 4,200.

    12,000 - 4,200 = 7,800.
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