A new scooter is valued at $15,000. At the end of each year its value is reduced by 15% of its value at the start of the year. What will its worth be after 3 years.
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Answered by
6
Answer:
The formula you would use is 15000*(.85^(3)) because 15000 is the initial value and it is reduced to 85% of its original cost (100% - 15%) at the end of each year.
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Answered by
6
Answer:
44999.85
Step-by-step explanation:
A new scooter is valued =15,000
it's worth be after 3 year =15,000×3=45,000
45,000-15%=44999.85
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