Question

A car agency shows a new car with a price of AED 45,000. The company predicted that the cost of the

Answer 1

Answer:

$8640

Step-by-step explanation:

Step 1:

The total amount of the car currently is $45,000. The car depreciates by 10% for the next 3 years. Then multiply 3 to 45,000.

3 × 45,000 = 135,000

The price then decreases by 10%. So, find 10% of 135,000

$10\% = \frac{10}{100}$

$135000=\frac{135000}{1}$

$\frac{10}{100}\times \frac{135000}{1}$

Cross cancel the zeros

$\frac{10}{1}\times \frac{1350}{1}$

Multiply across

$10\times1350 = 13500$

Therefore, for the three years, the cars price is now $13,500.

Step 2:

The next step is the same as the first one. But now the car currently is $13,500. And The car depreciates by 8% for the next years. We have to find the value in 8 years. Then multiply 8 to 13,500.

8 × 13,500 = 108,000

Now, find 8% of 108,000

$8\% = \frac{8}{100}$

$108000=\frac{108000}{1}$

$\frac{8}{100}\times \frac{108000}{1}$

Cross cancel the zeros

$\frac{8}{1}\times \frac{1080}{1}$

Multiply across

$8\times1080 = 8640$

Therefore, the value of the vehicle in 8 years is $8640.