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## a car sales for 25,000 if the rate of depreciation is 15% what is the value of the car after 7 years round to the nearest hundred

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## Answers ( )

Answer:$8,000 to the nearest hundred.Step-by-step explanation:A depreciation of 15% means that after each year the car is worth 0.85 of it’s value the previous year.

So after 7 years the values of the car is 25,000(0.85)^7

=

8,014