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A new car sells for $30,000. The value of the car decreases by 16% annually. How much is the car worth after 10 years? 

 Mar 15, 2020
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Each year the car is worth (1-0.16)*the value the previous year, so after ten years the value is $30000*0.8410

 Mar 15, 2020
edited by Alan  Mar 15, 2020

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