The price of gold was $400 per 8 grams in the month of June 2000. It lost its value at a rate of 6% per month. Find the cost of the 8 grams gold in the month of December 2000 \
Answers
Answered by
0
Answer:
In June it was 8 grams at $400
It lost 6% every month.
Let's look for 6% of $400
6/100 x 400 = $24
It lost $24 every month from July to December, that's 6 months
Let's multiply $24 by 6 months
$24 x 6 = $144
It lost the value of $144 from July to Dec.
Therefore, The cost of the 8 grams gold in Dec is
$400 - $144 = $356
Rate my work
Similar questions