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## A new car costs $45,650. It is expected to depreciate by 7% each year. Find the value of the car in 5 years.

Question

A new car costs $45,650. It is expected to depreciate by 7% each year. Find the value of the car in 5 years.

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Mathematics
3 years
2021-09-05T16:40:27+00:00
2021-09-05T16:40:27+00:00 1 Answers
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## Answers ( )

$29,672.5

7% x 5 = 35%

35% of $45,650 is $15,977.5

$45,650 – $15,977.5 = $29,672.5