Sam bought a car for $23,425.  The car depreciates at a rate of 10.375% per year.  What is the value after 3 years?

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 3.40TI: Susana invested a principal of $36,000 in her bank account with interest rate 6.5%. How much...
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Sam bought a car for $23,425.  The car depreciates at a rate of 10.375% per year.  What is the value after 3 years?

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