Question

1. The value of a car depreciate valuerences by 70% every year. If the value of the new car
is * 225000, what will be its value after one year?​

Answer 1

Step-by-step explanation:

P=225000

R=70%

T=1 year

Depreciation=P(1-r/100)

225000(1-70/100)

225000(100/100-70/100)

225000(30/100)

2250×30

67,500

Amount after depreciation=70000-67500=2500

Therefore, it's value after 1 year is 2500