Answered

Westonci.ca offers quick and accurate answers to your questions. Join our community and get the insights you need today. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

. A man bought a car for $60 320. After using it for 2 years he decides to trade in the car. The company estimated a depreciation of 10% for the first year of its use and a further 15% on its reduced value for the second year.(a) Calculate the value of the car after two years.(b) Express the value of the car after two years as a percentage of the original value. *

Sagot :

Answer:

(a) 39,208

(b) 65%

Step-by-step explanation:

(a) The car loses 10% the first year and 15% the second year so that’s 35% lost in total after two years.

35% of 60,320 is 21,112

60,320 - 21,112 = 39,208

39,208 ÷ 60,320 = 0.65 (65%)

We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.