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A car was valued at $38,000 in the year 2007. By 2013, the value had depreciated to
Chapter 6, Problem 64(choose chapter or problem)
QUESTION:
A car was valued at $38,000 in the year 2007. By 2013, the value had depreciated to $11,000 If the car's value continues to drop by the same percentage, what will it be worth by 2017?
Questions & Answers
QUESTION:
A car was valued at $38,000 in the year 2007. By 2013, the value had depreciated to $11,000 If the car's value continues to drop by the same percentage, what will it be worth by 2017?
ANSWER:Step 1 of 4
Given:
Initial price of the car = \(\$38000\)
Price in the year 2013 = \(\$11000\)