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A new car is purchased for 25000 dollars. The value of the car depreciates at 8.25% per year. What will the value of the car be, to the nearest cent, after 15 years?

 Feb 7, 2025

Best Answer 

 #2
avatar+130466 
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25000 ( 1 - .0825)^15  ≈   6871.18

 

 

cool cool cool

 Feb 8, 2025
 #1
avatar+15058 
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What will the value of the car be, to the nearest cent, after 15 years?

 

100%8.25%=91.75%=0.9175

 

v(after 15 years)=25000 USD0.917515=6_871.18 USD

Thanks T.Phill

 

laugh !

 Feb 7, 2025
edited by asinus  Feb 7, 2025
edited by asinus  Feb 8, 2025
 #2
avatar+130466 
+1
Best Answer

25000 ( 1 - .0825)^15  ≈   6871.18

 

 

cool cool cool

CPhill Feb 8, 2025

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