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15 October, 09:41

Kelly bought a new car for $20,000. The car depreciates at a rate of 10% per year.

1) Write an equation to model the car's value.

2) Use your equation to determine the value of the car six years after Kelly purchased it.

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  1. 15 October, 12:09
    0
    Use the formula.

    P=P' (1-R/100) ^T

    where,

    P=final rate

    P'=initial rate

    R=Rate of Depreciation

    T=Time.
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