# A car that costs 700,000 depreciates 15% in value each year for the first five years. What is its cost after 5 years?

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by Lhyian

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by Lhyian

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1st year: 595,000

2nd year: 505,750

3rd year: 429,887

4th year: 368,404

5th year: 313,143

6th year: 296,171.55

im not sure if the answer is the 6th year or the 5th year. because in the problem you said, it was said AFTER 5 YEARS so i think it's in the 6th year because the word "AFTER" was stated.