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30-10-2017
Mathematics

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The original value of a car is $15,000 and it depreciates (loses value) by 20% each year. What is the value of the car after three years?

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30-10-2017

$15,000 * 0.8 = $12,000
$12,000 * 0.8 = $9,600
$9,600 * .08 = $7,680

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