each year the value of a car decreases by 15% of its value at the beginning of that year Alberto buys a car for $18000 calculate the value of Alberto's car after 3 years
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each year the value of a car decreases by 15% of its value at the beginning of that year Alberto buys a car for $18000 calculate the value of Alberto's car after 3 years
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{Decreased value = P(1-R/100)^n}
Value of car after 3 year = 18000{1-15/100}^3
=18000{17/20}^3
=11054.25
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