Question

Rahim brought a car for $95000. After using it for 2 years, he sold it out. If its value is depreciated by 20% in the first year and 15% in the second year, what did he get for the car?​

Answer 1

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initial price of car = $ 95000

price decreased in 1st year = 20% of $95000 = $19000

now, the present price = $ (95000 – 19000) = $76000

price decreased in 2nd year = 15% of $76000 = $11400

now,

the price he left with is ($76000 – $11400) = $64600

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Answer 2

Step-by-step explanation:

initial price of car = $ 95000

price decreased in 1st year = 20% of $95000 = $19000

now, the present price = $ (95000 – 19000) = $76000

price decreased in 2nd year = 15% of $76000 = $11400

now,

the price he left with is ($76000 – $11400) = $64600