3 years ago

You buy a car for $8000 that depreciates at a rate of 11% a year. How much is the

Mathematics

1 answer:

antoniya [11.8K]3 years ago

7 0

Answer:

4400

Step-by-step explanation:

<h2><u>SIMPLE INTEREST </u></h2>

depreciates at a rate of 11% a year.

means it makes use of SIMPLE INTEREST!

simple interest formula is :

PRT / 100

where :

p is the principal

r is the rate on interest

t is the number of years.

(8000*11*5 ) / 100

=4400

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