Question

A car originally cast € 15000. In the year it’s value dropped by 25%. In the second year its value dropped by another 15%. What is it worth now

Answer 1

Answer:

original cost of car= €15000.

first drop in value is 25%

new value of car will be (100-25)%=75%

which is

75/100×15000= €11250

second drop in value is 15%

new value of car at the end of second year will be

(100-15)%=85% of 11250 which is

85/100×11250=

€9562.5

ans..