Question Number 102076 by pete last updated on 06/Jul/20

A car is currently valued at $70350.00. If it loses 12% of its value at the beginning of each year, a) find its value after three and half years. b) find the depreciation after three years

Commented byPRITHWISH SEN 2 last updated on 06/Jul/20

use the formula C=current value P= previous value d=rate of depriciation t=time then C=P(1−(d/(100)))^t

Commented bypete last updated on 06/Jul/20

so what will the t be equal to?? pleaze

Commented byPRITHWISH SEN 2 last updated on 06/Jul/20

(7/2) for 1^(st) and 3 for the 2^(nd)

Commented bypete last updated on 07/Jul/20

thank u sir