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Asked by BMO

Billy buy a car for 16,400.his car depreciates in value 24% each year. What was the value after 2 years?
11 years ago

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Answered by Henry
V = Vo - Vo*r*T
V = 16,400 - 16,400*0.24*2 = $8528
11 years ago
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Billy buy a car for 16,400.his car depreciates in value 24% each year. What was the value after 2 years?

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