A vehicle purchased for $29800 depreciates at a constant rate of 8%. Determine the approximate value of the vehicle 15 years after purchase.

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter1: Introduction To Algebra
Section1.5: Translating Sentences Into Equations
Problem 30WE
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O Question 5
A vehicle purchased for $29800 depreciates at a constant rate of 8%.
Determine the approximate value of the vehicle 15 years after purchase.
Round to the nearest whole number.
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Transcribed Image Text:O Question 5 A vehicle purchased for $29800 depreciates at a constant rate of 8%. Determine the approximate value of the vehicle 15 years after purchase. Round to the nearest whole number. Question Help: DVideo Submit Question
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