Mathematics, 06.05.2020 03:03, gjeaneasley

CHOOSE TO ANSWER EITHER QUESTION:

Kate purchased a car for $23,000. It will depreciate by a rate of 12% a year. What is the value of the car in 4 years?

a) $13,935.76

b) $12,874.57

c) $13,792.99

OR

A rare coin is currently worth $450. The value of the coin increases 4% each year. Determine the value of the coin after 7 years.

a) $613.98

b) $546.78

c) $592.17

Answers: 2

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CHOOSE TO ANSWER EITHER QUESTION:

Kate purchased a car for $23,000. It will depreciate by...