Jeff buys a car for $28,000. the vehicle depreciates by 16% each year. Which of the following is the common ratio of the sequence representi

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Jeff buys a car for $28,000. the vehicle depreciates by 16% each year. Which of the following is the common ratio of the sequence representing the car’s value every year?

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    2021-10-11T06:12:36+00:00

    Find the value of the car in the next year
    value next year = (100% – 16%) × 28,000
    value next year = 84% × 28,000
    value next year = 84/100 × 28,000
    value next year = 23,520
    The value of the car in the next year is $23,520

    Find the ratio
    ratio = value of next year/value of recent year
    ratio = 23,520 / 28,000
    ratio = 0.84
    The ratio is 0.84, it’s the same with the percentage of value in the next year (84%)

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