Question

A car is bought for $12500. Its value depreciates by 15% per year.
a Calculate its value after:
i) 1 year. ii) 2year
b After how many years will the car be worth less than $1000?

Please help

Answer 1

Answer:

THE VALUE OF $12500

AND IT DEPRECIATES 15 PERCENT PER YEAR

ANS 1 IS THE VALUE OF CAR AFTER ONE YEAR IS 10625

ANS 2 IS THE VALUE OF CAR AFTER TWO YEARS IS 8750

ANS 3 WE ARE BUY THE CAR IN LESS THAN$1000 AFTER 7 YEARS

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