A car bought for $13,000 depreciates at 12% per year. What is its value after 7 years?
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Step-by-step explanation:
12% per year i.e. 12 x 7 = 84%
84% of $13,000 = 84 x 13000 = 10,920
100
On subtracting,
13,000-10,920= 2,080
Therefore, final price after 7 years is $2,080
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