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Answer:
Hence the sell value of car after 8 years at 8% depreciation = 3270.62 unit
Step-by-step explanation:
Given as ,
A car initial sells value = 16000 unit
Depreciation rate of sell = 18 %
Time for depreciation = 8 years
Now , The value of car after 8 years =
Or, =
= 16000 × 0.2144
= 3270.62 unit
Hence the sell value of car after 8 years at 8% depreciation = 3270.62 unit Answer