Asked by alex
a car sells for $25000. if the rate depreciation is 15% what is the value of the car after 7 years
Answers
Answered by
Ms. Sue
25,000 * 0.15 = 3,750
25,000 - 3,750 = 21,250 >> value after year 1.
21,250 * 0.15 = 3,187.5
21,250 - 3,187.5 = $18,062.5 >> value after year 2.
Continue this procedure til you come to the end of year 7.
25,000 - 3,750 = 21,250 >> value after year 1.
21,250 * 0.15 = 3,187.5
21,250 - 3,187.5 = $18,062.5 >> value after year 2.
Continue this procedure til you come to the end of year 7.
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