Seudónimo Seudónimo

04-04-2018
Mathematics

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altavistard altavistard

11-06-2018

If the car's value is dropping, then r, the interest rate, is negative.

Thus the formula that applies here is Value = Original Price times (1-0.15)^n, or

Value after n years = $35000(0.85)^n (answer)

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