Question

At the end of any year a car is worth 5% less than what it was worth at the begginig of the year if a car is worth $9500 in december 2016 then its value in january 2016 was

Answer 1

Answer:

if a car is worth $9500 in December 2016, then its value in January 2016 was (a) $9995 (b) $10000 (c) $10025 (d) $12000.