A car enthusiast learns that a particular model of car, which costs 34, 411 new, loses 25% of its value every year. How much will the car be worth in 6 years?

Solution

Solution

Amount : 86027.5

Solution steps

Translate the problem into an equation:

A = 34411 (1 + 0.25 \cdot 6)

34411 (1 + 0.25 \cdot 6) = 86027.5

Amount : 86027.5

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