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2 years ago

10

Colin buys a car for £42800. It depreciates at a rate of 5% per year. How much will it be worth in 2 years? Give your answer to

the nearest penny where appropriate.

1 answer:

11111nata11111 [884]2 years ago

7 0

Principal=₹42800

Rate of interest=5% but 2 years so multiply by 2 =5×2=10%

Time=2 years

Simple interest=42800×10×2/100= ₹8560

Amount=42800+8560=Rs51360

The answer is ₹ 51360

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