Question

If the value of a car is depressed by 9% of a current value annually what will be its estimated value at the end of 8 years if the current value is 200000 rupees.

Answer 1

Answer: 56,000

Step-by-step explanation:

Since, it the value is depressed by 9% every year, for 8 years, we multiply the value of depression with the no. of years, i.e. 8 x 9= 72

We then, subtract it with 100 and multiply with the original value of the car, i.e. 28 x 200,000 = 56,000