A vehicle purchased for $32500 depreciates at a constant rate of 4%. Determine the approximate value of the vehicle 15 years after purchase.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A vehicle purchased for $32500 depreciates at a constant rate of 4%.
Determine the approximate value of the vehicle 15 years after purchase.
eDrive
Round to the nearest whole number.
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Transcribed Image Text:Online Question 3 Online A vehicle purchased for $32500 depreciates at a constant rate of 4%. Determine the approximate value of the vehicle 15 years after purchase. eDrive Round to the nearest whole number. se Question Help: Video M Message instructor D Post to forum Submit Question
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