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anonymous

  • one year ago

John bought a new cello for %1,000. It depreciates 8% per year. How much can he expect to sell it for in 6 years? Please help me? I am super confused with anything math related. Thanks!

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  1. AnimalLover8
    • one year ago
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    1000% or $1000?

  2. anonymous
    • one year ago
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    $1000 . Didn't notice that typo .

  3. AnimalLover8
    • one year ago
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    8% of $1000 is $80. After 6 years that adds up to: $80x6=$480. Subtracting that value from the original price you end up with a depreciation of 48%. He can sell it for 48% less which is $520. That help?

  4. anonymous
    • one year ago
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    Yes! That made so much sense! Thank you!

  5. AnimalLover8
    • one year ago
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    No problem hon. :)

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