Question

. The present cost of a car is 3.82.725. Ir its value has depreciated at the
of 10% per annum, what was its cost 3 years ago ? Also find the to
depreciation.​

Answer 1

Answer:

present cost(A)=382725

rate of depreciation(r)=10%=0.1

principal (p)=?

$p = \frac{a}{1 + rn} = \frac{382725}{1 + (0.1 \times3) } = \frac{382725}{1.3} = 294403$

so, amount of depreciation=382725 - 294403 = 88321