Problema Solution
the value of a car depreciates by 35% each year. At the end of 2007 the value was of the car was 160000 work out the value of the car at the end of 2006
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Let x represent the value of the car at the end of 2006
x - 0.35x = 160,000
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x = $246,153.85
The value of the car at the end of 2006 was $246,153.85.