Question

A scooter that has an original value of $45,000 depreciates $15000 in the first year and there after at the rate of 10% of the original cost per year. What is its value after 5 years

Answer 1

Explanation:

in first year...

original value of scooter : 45000

dep in first yr (given): -15000

after 1st yr value is : 30000

dep 2nd yr original cost @10% :- 4500

value after 2nd yr : 25500

dep 3rd yr : -4500

value after 3rd yr : 21000

dep 4th yr at original value : - 4500

value after 4th yr is . . .....: 16500

dep 5th yr : - 4500

value after 5th yr 12000

its value after 5 year is:-- 12000

Answer 2

Answer:

45,000+15,000

=60,000$

= 60,000 x 10 x 5

= 60,000 x 50

= 30,00,000 dollars