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  • 13-01-2023
  • Mathematics
Answered

The general equation for depreciation is given by y = A(1 – r)t, where y = current value,
A = original cost, r = rate of depreciation, and t = time, in years.

The original value of a car is $24,000. It depreciates 15% annually. What is its value in 4 years?



Answer :

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