Answer:
Step-by-step explanation:
The value of the car decreases by 8% every year.
The cost of the car is $20,000.
So rate for one year depreciation is 0.08
Rate of depreciation per month shall be 0.08 /12 =0 .0066667
Hence the rate of depreciation shall be 0.66667%
But as it is depreciation.
It must be negative
Hence the rate of depreciation every month shall be - 0.666667%
Option C) is the right answer.
This is it, if you can't read the diagram might I suggest you watch the TED talks riddle video on the simular topic ed.ted.com/lessons/can-you-solve-the-bridge-riddle-alex-gendler#review
Answer:
$2475 or $1875
Step-by-step explanation:
Assuming the question meant to say $25 less than the original price, it would be $2475 because $2500-$25= $2475
However, if the question meant to say that Sam bought the iron for 25% less than the original price, it would be $1875 because 2500*0.25= $625
$2500-$625= $1875