# Algebra

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Each year the value of a car decreases by 25% of its value the previous year. After 5 years, what is the value of a car originally worth \$17,500? Express answer to the nearest dollar.

• Algebra -

The residue value after each year is 100-25=75% of the previous year.
So after n years, the value is
P(0.75^n)
=\$17,500 * 0.75^5
=...
I'll let you do the calculations.

• Algebra -

something

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