Arnold paid R2 599,99 for a car sound system in 1997 Assuming an average inflation rate of 7% per annum what did he pay for a so
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Answer:
$2280
Step-by-step explanation:
Given: Cost of Air conditioner= $3000.
Rate of depreciation= 8%
Number of year= 3 years.
Now, finding the depreciation for 3 years.
Depreciation=
Amount of depreciation=
∴ Amount of depreciation in 3 years is $720.
Cost of Air conditioner after 3 years=
⇒ Cost of Air conditioner after 3 years=
∴ Cost of Air conditioner in 3 years is $2280.