3. The cost of a new car is Php1,600,000. It depreciates at a rate of 15% per year. This means that it loses 15% of its value per year. Find the value of the car when it is four years old.
3. The cost of a new car is Php1,600,000. It depreciates at a rate of 15% per year. This means that it loses 15% of its value per year. Find the value of the car when it is four years old.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Transcribed Image Text:3. The cost of a new car is Php1,600,000. It depreciates at a rate of 15% per year. This
means that it loses 15% of its value per year. Find the value of the car when it is four
years old.
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