The value of a new car depreciates at a rate of 8% per year. Determine the value of the car two years after it is purchased for $42 000. O a) $35 548.80 O b) $48 988.80 O c) $38 640.00 O d) $24 494.40

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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The value of a new car depreciates at a rate of 8% per year. Determine the value of
the car two years after it is purchased for $42 000.
O a) $35 548.80
O b) $48 988.80
O c) $38 640.00
O d) $24 494.40
Transcribed Image Text:The value of a new car depreciates at a rate of 8% per year. Determine the value of the car two years after it is purchased for $42 000. O a) $35 548.80 O b) $48 988.80 O c) $38 640.00 O d) $24 494.40
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