Question

If a value of car is decreased by 9% of current value annually, what will be the estimated value after end of 8 years if it current value is 200000

Answer 1

Answer:

94050.50

Step-by-step explanation:

P(1-r÷100)to the power n

200000(1-9÷100)to the power 8

200000×91×91×91×91×91×91×91×91÷100×100×100×100×100×100×100×100

95050.50

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