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14 November, 12:19

Karen is buying a Mini Cooper. It is costing her 34,500. As soon as she drives it off the lot, the car will depreciate at the rate of 5% per month. Write an equation to reflect the value of Karen's car.

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  1. 14 November, 12:27
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    The value is:

    34500 * 0.95^m

    where m is how many months passed.

    If 5% is lost, 95% remains.
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