A car was bought in 1998 for $850000 and it's value depreciated at the rate of 15% per annum. calculate the value of the car in
2002
1 answer:
Answer:
number of years = 2002 - 1998 = 4
100 - 15= 85%
85/100=0.85
850000 X 0.85^4= 443705.3125
$443705.31
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