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Janice Wants to Buy a New Car

question 38

Essay

Janice wants to buy a new car.The cost is $30,000.At the end of six years,the car is expected to be worth 20% of the original price.(Show all work. )
a.
What will the car value be in six years?
b.
What is the annual depreciation on the car?

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Definitions:

Growth

An increase in size, number, value, or strength; in biology, it's the process by which organisms increase in size through cell multiplication.

Reproduction

The biological process by which organisms produce new individuals of their species, ensuring the continuation of genetic information.

Chemical Combination

A process where two or more substances react to form a new substance with different chemical properties.

Chemical Compound

A substance formed from two or more elements chemically united in fixed proportions.

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