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OpenStudy (anonymous):
You buy a used car for $12,000. It depreciates at the rate of 15% per year. Find the value of the car for the give year. A: 1 years. Can someone explain to me how i do this?
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OpenStudy (lilg132):
12,000 / 100 = 120 the same as 1% 120 multiply by 15 to get 15% = $1800 $12,000 - $1800 = $10,200 after one year
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