dianamaedomingo67
Answered

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A new car is priced at ₱2 000 000, and its value depreciates by 5% at the end of each year. What is the price of the car after 5 years?​

Sagot :

The price of the car after 5 years will be ₱1,500,000

Price of car = ₱2 000 000

Depreciation percentage = 5%

Depreciation = 5% × ₱2 000 000 = 0.05 × ₱2 000 000 = ₱100 000

The equation to solve the question will be:

= 2000000 - 100000x

where, x = number of years

= 2,000,000 - 100000(5)

= 2,000,000 - 500,000

= ₱1 500 000

The price of the car after 5 years will be ₱1,500,000

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