Question

the value of a car depreciates 12% every year. if it's present value is616000 find its value a year ago
​

Answer 1

Step-by-step explanation:

rate of depreciation = 12%

therefore let value one year ago be x

therfore percentage of rate of depreciation as value of this present year = 100-12 = 88%

therefore, 88% of x = 61600

88/100 of x = 61600

x = 61600 * 100/88

x = 700* 100

x = 70000 ans