The value of Lynn's car depreciates at about 15% per year. If Lynn purchased her car for $21,900 what would its value be in 10 years?
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Answer:
Step-by-step explanation:
According to the formula,
Value after 10 years=present value (1-rate%/100) ^n
=21900(1-15/100) ^10
21900×(85/100) ^10
=5072.42 rs
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