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March 28, 2017

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mr jones buys a new car for $50,000. the car decreases in value at the rate of 30% each year. find the value of the car after two years.

  • math - ,

    after first year .7(50000) is left
    after second year .7(of above result) is left

    amount left = 50000(.7)(.7) = 24500

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