9a45. Mohamed purchased a car for $30 000. It depreciates by 25% of its current value every year. How much willthe car be worth 3 years after it is purchased?a. $22 500b. $12 656.25c. $16 875d. $71 111.11

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Answered: 5. Mohamed purchased a car for $30 000.…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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5. Mohamed purchased a car for $30 000. It depreciates by 25% of its current value every year. How much will the car be worth 3 years after it is purchased? $22 500 b. $12 656.25 c. $16 875 d. $71 111.11 a.