A car brought for 13000 deprecitates at 15 percent per year find value of car after 5 years
1 answer:
the value of the car will be 3250 after 5 years
Step-by-step explanation:
the value of the car = 13000
rate of interest = 15%
time = 5 years
in 5 years the car will depreciates = 13000 X 15% X 5
=
= 9750
after 5 years the value of the car is = 13000 - 9750 = 3250
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