In the year 2001, a person bought a new car for $28000. For each consecutive year after that, the value of the car depreciated by 12%. How much would the car be worth in the year 2005, to the nearest hundred dollars?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.37TI: Find the percent decrease. (Round to the nearest tenth of a percent.) The population of North Dakota...
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In the
year 2001, a person bought a new car for $28o0o. For each consecutive year
after that, the value of the car depreciated by 12%. How much would the car be worth
in the year 2005, to the nearest hundred dollars?
Answer:
Submit Answer
Cc
&
23
$4
7
4.
e
h
Transcribed Image Text:Watch help video In the year 2001, a person bought a new car for $28o0o. For each consecutive year after that, the value of the car depreciated by 12%. How much would the car be worth in the year 2005, to the nearest hundred dollars? Answer: Submit Answer Cc & 23 $4 7 4. e h
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