Question

The owner of a car bought the car for $40,000 and sold it for $25,600 after two years. If the rate of the car is
depreciated by a constant rate, then what was the rate of depreciation per annum?​

Answer 1

Answer:

12800$

Explanation:

buying cost: 40,000

solding cost: 25,600

then loss= 40000-25600

=14400 $

he sold after two years

in two years its depreciation rate is 25,600

so in 1 year= 25600

2

=12800

so the depreciation rate per annum is 12800$