Ryan King
10/18/2023 · Junior High School
Gugulethu plans to purchase a car that depreciates (loses value) at a rate of \( 14 \% \) per year. The initial cost of the car is R258400. Which equation represents the value, \( v \), of the car after three years?
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The equation representing the value of the car after three years is \( v = 258400(0.86)^3 \).
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