SOLUTION: sarah bought a car for 26,000. it decreased 16% in value each year. what was sarah's car worth 2 years after she bought it?

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Question 698465: sarah bought a car for 26,000. it decreased 16% in value each year. what was sarah's car worth 2 years after she bought it?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
sarah bought a car for 26,000. it decreased 16% in value each year. what was sarah's car worth 2 years after she bought it?
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-16% leaves 84% each year
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1st yr = 26000*0.84 = 21840
2nd yr = 21840*0.84 = $18345.60
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Or
= 26000%2A0.84%5E2