Question

A car sells for 16000 if the rate of depreciation is %18 find the value of the car after 8 years

Answer 1

Answer:

Hence the sell value of car after 8 years at 8% depreciation = 3270.62 unit  

Step-by-step explanation:

Given as ,

A car initial sells value  = 16000 unit

Depreciation rate of sell = 18 %

Time for depreciation = 8 years

Now , The value of car after 8 years = $initial sell value \times (1 - \frac{Rate}{100})^T$

Or,                      =  $16000 \times (1 - \frac{18}{100})^8$

                          =  16000 × 0.2144

                          =  3270.62 unit

Hence the sell value of car after 8 years at 8% depreciation = 3270.62 unit  Answer