A car is purchased for $16,500. After each year, the resale value decreases by 20%. What will the resale value be after 4 years? Use the calculator provided and round your answer to the nearest dollar.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 24E
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Finding a final amount in a word problem on exponential growt...
A car is purchased for $16,500. After each year, the resale value decreases by 20%. What will the resale value be after 4 years?
Use the calculator provided and round your answer to the nearest dollar.
Explanation
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2021 McGraw-Hill Education All Rights Reserv
Transcribed Image Text:Finding a final amount in a word problem on exponential growt... A car is purchased for $16,500. After each year, the resale value decreases by 20%. What will the resale value be after 4 years? Use the calculator provided and round your answer to the nearest dollar. Explanation Check 2021 McGraw-Hill Education All Rights Reserv
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