A car bought for $13,000 depreciates at 12% per year. What is the value of the car after 7
Years?
Answers
Answered by
0
Step-by-step explanation:
Cost Price = $13,000
T = 7 years
Loss percentage = 12% per year
Value of car after one year = CP - Loss percentage
=> $13,000 - 12/100 × 13,000
=> 13,000 - 166 = $12,834
Value of car after 7 years = CP - Loss percentage × 7
=> $13, 000 - 12/100 × 13,000 × 7
=> 13,000 - 1162 = $11,838
Therefore, the value of car after 7 years will be $11,838
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Answered by
0
Step-by-step explanation:
CP = 13000
T = 7 yrs
loss percent = 12%
value of car after 7 yrs = CP - loss percent × time
13000 - 12× 7
= 11838
so value of car after 7 years is 11838
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