the value of a car decreases by 5% each year. Sophie bought a car two years ago for £10000. Work out eggs value of the car now.
Answers
Answered by
0
Answer:
The current value of the car is £9025.
Step-by-step explanation:
The value of the car two years ago - £10000
The value of the car depreciates each year by 5%
Value of Car after 1st year -
P - 10,000 R - 5% T - 1 you
SI = P * R * T / 100
SI = 10000 * 5 * 1/100
SI = 500
ANOUNT - £ 10,000 - £500
- £9500
Value of Car after 2nd year -
P - 9500 R - 5% T - 1 you
SI = P * R * T / 100
SI = 9500 * 5 * 1/100
SI = 475
Amount = £9500 - £475
= £9025
Please Mark me as Brainliest for my efforts
Similar questions