A vehicle purchased for $20700 depreciates at a constant rate of 9 % . Determine the approximate value of the vehicle 11 years after purchase. Round to the nearest whole number.
A vehicle purchased for $20700 depreciates at a constant rate of 9 % . Determine the approximate value of the vehicle 11 years after purchase. Round to the nearest whole number.
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Transcribed Image Text:A vehicle purchased for $20700 depreciates at a constant rate of 9 % . Determine the approximate value
of the vehicle 11 years after purchase. Round to the nearest whole number.
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