A compact car that costs $6000 new is known to depreciate at the rate of 15% per year.

1 answer:

7 0

Step-by-step explanation:

(a) 15% of $ 6000 = 5/100 × 600= &30

value after x years =$ 6000 -$ 30x

(b) value after 6 years = $ 600 - & 180 = $ 5820

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