Question

At the end of any year a car is worth 5% less than what it was worth at the beginning of the year . If a car was worth $10000 in January 2014 , then it's value in December 2014 was

Answer 1

Answer:

5500$

Step-by-step explanation:

New Car value =Original Car value-(Rate of depreciation*original car value)

=10000-5%(10000)

=10000-500

=5500$