If something depreciates by 15% we're left with 85%, right?
25,000(0.85)3 = your answer
You bought a car for 25,000 dollars. This car will depreciate at a rate of 15% per year. Find the value of the car in three years.
You bought a car for 25,000 dollars. This car will depreciate at a rate of 15% per year. Find the value of the car in three years.
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