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Mathematics

Answered

A new car is purchased for 17600 dollars. The value of the car depreciates at 11.75% per year. What will the value of the car be, to the nearest cent, after 11 years?

Answer :

calculista calculista

Today at 2:38 AM

Answer:

The value of the car will be [tex]\$4,450.15[/tex]

Step-by-step explanation:

we know that

[tex]11.75\%=11.75/100=0.1175[/tex]

so

Let

x-----> the value of the car after 11 years

[tex]x=\$17,600(1-0.1175)^{11} =\$4,450.15[/tex]

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