SOLUTION: A new car depreciates an average of 22% in it's first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?
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Question 113663: A new car depreciates an average of 22% in it's first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
16,000-(16,000*.22)=16,000-3,520=$12,480 ANSWER FOR THE VALUE OF THE CAR AFTER 1 YEAR.
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