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The value of a car is $21,000. It loses 11.8% of its value every year. Find the approximate monthly decrease in value. Round your answer to the nearest tenth.

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samia2020
Every month the car decreases by $206.5

Explanation:
Every year 11.8 percent = .118
Divide by 12
Every month .983 percent = .00983
21,000 x .00983 = 206.5

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