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Posted by on Saturday, March 16, 2013 at 2:16pm.

Value of a new car depreciates at a rate of 12% per year. It is worth $23 000.

Approximately how many years will it take until the car is worth $2300?

  • math - , Saturday, March 16, 2013 at 2:18pm

    18 years
    I answered below

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