contestada

If the retail price of a car is $12,099.00 and the percent of depreciation is 40% per year, what is the residual value of the car after one year?

Respuesta :

We will have the following:

We will have that the residual value will be:

[tex]x=12099.00-12099.00(0.40)\Rightarrow x=7259.4[/tex]

So, the residual value will be $7259.4.

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