Question

1. A car was purchased at $20,000 calculate the value of the car after 5 years . If it depreciates at the rate of 5%
2.The insurance company rated the value of the house at $100,000 .This value appreciates at the rate of 20% per year. calculate its value after 1 year.
3. A louge was valued at $165 ,000 on 30th April 2018. Given that appreciation is 4% per anum . What was the value of the louge on 30th April, 2019 ?

Answer 1

Answer:

The total loss threshold is calculated by dividing the vehicle's repair cost by its actual cash value. It is expressed as a percentage. For example, suppose a vehicle will cost $8,000 to repair and its ACV is $10,000. The total loss threshold for the vehicle is 80 percent (8,000 / 10,000).

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