1. The value of a car depreciate valuerences by 70% every year. If the value of the new car
is * 225000, what will be its val

Question

1. The value of a car depreciate valuerences by 70% every year. If the value of the new car is * 225000, what will be its value after one year?​

Allison · Answer

Step-by-step explanation:   P=225000  R=70%  T=1 year  Depreciation=P(1-r/100)  225000(1-70/100)  225000(100/100-70/100)  225000(30/100)  2250×30  67,500  Amount after depreciation=70000-67500=2500  Therefore, it's value after 1 year is 2500

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1. The value of a car depreciate valuerences by 70% every year. If the value of the new caris * 225000, what will be its val