Answered: 1. Olivia purchased a music system…

1. Olivia purchased a music system worth $18,000 in the year 2001. It loses its value by 6% per year. What is the value of the music system in 2003?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

1. Olivia purchased a music system worth $18,000 in the year 2001. It loses its value by 6% per year.
What is the value of the music system in 2003?
A $20224.80
B $16920
C$14950.51
D$15904.48

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