AIR MATH

Math Question

The original value of a car is \( \$ 18,000 \), and it depreciates (loses value) by \( 15 \% \) each year. What is the value of the car after three years?
A. \( \$ 60.75 \)
B. \( \$ 13,005 \)
C. \( \$ 11,054.25 \)
D. \( \$ 57,359.25 \)

Solution

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