Exam

GRE

Section

Difficulty

GRE Quantitative Reasoning Section

Depreciation Calculation for a Car

Easy Arithmetic Fractions, Decimals, And Percents

A new car is purchased for $20,000. After 3 years, the car's value depreciates by 15% each year. What is the value of the car after 3 years?

A

Approximately $10,125

B

Approximately $12,000

C

Approximately $15,000

D

Approximately $8,000

Hint

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