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Varvara68 [4.7K]
3 years ago
12

Harry buys a car for £12500 during the first year it depreciates in value by 10% and during the second year it depreciates by 8%

. Calculate the value of the car at the end of the two years.
Mathematics
1 answer:
Nady [450]3 years ago
8 0

Cost price=12500

10% depreciation=.9x12500=11250

8%          "            =.8x11250=9000(Ans)

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\begin{array}{rcl}23 944.00 & = & 1.025 P\\P & = & \dfrac{23 944.00 }{1.025} \\\\& = & \mathbf{23 360.00} \\\end{array}\\\text{Carol originally invested $\large \boxed{\textbf{\pounds23 360.00}}$ in her account.}

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1 Jan 2014      P = £23 360.00

1 Jan 2015     A =    23 944.00

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                     P =     22 944.00

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