Question 725842
My car depreciates at a rate of 33% per year. 
What % of the original price is it worth after 6 years.
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Let the original value be "x".
Each year it is worth 67% of what it was worth the previous year.
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Equation:
V(6) = 0.67^6*x = 0.0905*x or 9.05% of the original price
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Cheers,
Stan H.
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