Question

A car brought for 13000 deprecitates at 15 percent per year find value of car after 5 years

Answer 1

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

=$\frac{13000 X 15 X 5}{100}$

= 9750

after 5 years the value of the car is = 13000 - 9750 = 3250