The value of a car depreciates every year at a constant rate. Gary bought a car for $25,000 in the year 2013. If the value of the car is expected to depreciate 15% annually, what can Gary expect for the value of his car in the year 2017?

Question
Answer:
in 2017 the car would be worth $10,000 after deprecating by 15% annually
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general 10 months ago 2691