lelliott86
lelliott86
13.10.2020 • 
Mathematics

The value V of an item after t years is given by the following formula, assuming linear depreciation, V=C−Crt,

where C is the original cost and r is the rate of depreciation expressed as a decimal.

If you buy a car for $11,413 and it depreciates linearly at a rate of 14% per year, what will be its value after 3 months? Round your answer to the nearest cent.

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