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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+130462 
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25000 ( 1 - .0825)^15  ≈   6871.18

 

 

cool cool cool

 Feb 8, 2025
 #1
avatar+15054 
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What will the value of the car be, to the nearest cent, after 15 years?

 

\(100\%-8.25\%=91.75\%=0.9175\)

 

\({\color{blue}v_{(after\ 15\ years)}}=25000\ USD\cdot 0.9175^{15}\color{blue}=\underline6871.18\ USD\)

Thanks T.Phill

 

laugh !

 Feb 7, 2025
edited by asinus  Feb 7, 2025
edited by asinus  Feb 8, 2025
 #2
avatar+130462 
+1
Best Answer

25000 ( 1 - .0825)^15  ≈   6871.18

 

 

cool cool cool

CPhill Feb 8, 2025

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