An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was purchased for $40 000, find the value of the car 7 years from now.
An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was purchased for $40 000, find the value of the car 7 years from now.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.CM: Cumulative Review Exercises
Problem 51CM
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![3. An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was purchased
for $40 000, find the value of the car 7 years from now.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8bd51b0f-be7c-402f-bb61-20a12152d3d7%2F6198e90c-e930-48ce-acc1-215eb70154fa%2Fs36r62s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. An car depreciates (decreases in value) by 20% of its value from the previous year. If the car was purchased
for $40 000, find the value of the car 7 years from now.
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