3 years ago

Dan's car depreciates at a rate of 7% per year.

Mathematics

1 answer:

yulyashka [42]3 years ago

7 0

Answer:

20%

Step-by-step explanation:

Given that

The car is depreciated at a rate of 7% per year

We need to find out the percentage when the car is depreciated after 6 years

So,

Since the car is depreciated by 7% so we can say it can be 0.93 times in a year

Now after 6 years, it would make

= 0.93^3

= 0.80

So, the percentage is

= 1 - 0.80

= 0.20

= 20%

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