Question

The price of a car worth 350000 depreciated by 5% every year .what will it's value after 2 years ​

Answer 1

Answer:

i think it is compounded. so

ans is 385875.

if it is to find. interest. so

ans is 35000.

Answer 2

Step-by-step explanation:

P = 350000

N = 2 YEARS

R = 5%

I = PNR/100

= 350000×2×5 / 100

= 3500×10

I = 35000

A = P + I

= 350000 - 35000

A = 325000

THE VALUE OF A CAR AFTER 2YEARS IS 325000