Question

Juan is deciding between two cars to purchase. Car a depreciates annually at a rate of 3.5%, while car b depreciates monthly at a rate of 0.32%. Which car is the better deal?

Answer 1

Answer:

It is better to deal of car A.

Step-by-step explanation:

Depreciates rate of car A =  3.5% annually

Depreciates rate of car B = 0.32% monthly = 0.32 × 12 = 3.84 % annually

Depreciates rate of car A = 0.035

Depreciates rate of car B = 0.0384

Since the depreciate rate of car A is less than the  depreciate rate of car B.

So it is better to deal of car A.