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21 April, 18:25

Kelly bought a new car for $20,000. The car depreciates at a rate of 10% per year. Write an equation to model the car's value. Use your equation to determine the value of the car six years after Kelly purchased it

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  1. 21 April, 18:54
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    P=P' (1-R/100) ^T

    Where P = Final price

    P'=Initial price

    T=Time

    R=Rate of Depreciation.
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