Question

A car presently valued at $12 000 depreciated at a rate of 10% per annum. What be the value of the car one year later? ​

Answer 1

Answer:

$10800

Step-by-step explanation:

10% depreciation per year means decrease in 10% amount.

i.e 90% of $12000= 0.9*12000= $10800

Answer 2

Answer:

$10 800

Step-by-step explanation:

if the rate is 10% per annum

then the cars value after one year will be

12000 - 12000×10/100