SOLUTION: Please help me with this problem. I am not sure what formula to use!
A particular car is purchased for $28,400. A year later the car is worth only $26,000. If the value of the
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Question 162950: Please help me with this problem. I am not sure what formula to use!
A particular car is purchased for $28,400. A year later the car is worth only $26,000. If the value of the car depreciates at the same rate, determine the value of the car when it's nine years old.
Thank you!
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!
It clearly shpws the depreciation as:
So in 9 years: AMOUNT IT DEPRECIATED
Therefore,
, VALUE after 9 years.
Thank you,
Jojo
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