Question

A car purchased at price of 750000 depreciates at the rate of 22% each year what will be the value of the car at the end of 3 years ? by how much will it depreciate in 3 years?

Answer 1

Answer:

Purchase Amount is 750000 of 22% = 165000

then 750000 - 165000 = 585000 1sf Year Depression

2nd year

The Value of car is 585000 of 22% = 128700

then 585000 - 128700 = 456300

3rd Year

the Value of car is 456300 of 22% = 100386

then 456300 - 100386 = 355914 is Value of car

Total Depression is in 3 Year

165000+128700+100386 = 394086

Thank you