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Mathematics, 04.05.2021 09:00 atlasthegoat

Faith purchases a car for $27,500. The value of the car will depreciate each
year at a rate of 12.4%. What is the
approximate equivalent monthly
depreciation rate, to the nearest tenth
of a percent?

Help please tell the explanation I’ll give brainleist

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Faith purchases a car for $27,500. The value of the car will depreciate each
year at a rate...
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