Suppose a car bought for $60 increases 3% in each year.Find the value after three years round to nearest dollars.
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Answer:
Step-by-step explanation:
The value of earlier = $ 60
There is an increase in it's price for 3% every year
Therefore the increase of price in 3 years will be 9%
Total value of the car after 3 years =
60 + 9% of 60
= 60 + 5.4
= $ 65.4
Does the Caterpillar cost 65.4 dollars after 3 years if the increase in the price is 3% per year...
Hope it helps you...
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