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5 January, 03:35

A car purchased in 2014 was worth $21,000. It has depreciated at an annual rate of 8.5%. What will its value be in 2021? round answer to the nearest penny

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  1. 5 January, 03:58
    0
    The answer would be 8505.00 dollars
  2. 5 January, 06:02
    0
    First, subtract 2021-2014=7.

    Multiply 8.5 x 7 = 0.595.

    Then, multiply 21,000 x 0.595 = 12,495
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