the present price of a car is₹33750. in the next year the price decreased by 4%. find the price of car after 4 years
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Answer:
28665.45
Step-by-step explanation:
Every year the price is dropped by 4% meaning that the original price will be
multiplied by 0.96 every year
Given C-n representing the price of car after n years when n is integer
S representing the present price
We will get a formula C-n = S * (0.96) ^ n
So C-4 = 33750 * (24/25) ^ 4
C-4 arounds 28665.45
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