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If a computer depreciates at a rate of 24% per year, what is the monthly depreciation rate? 4.33% 2.00% 8.17% 6.33%
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If a computer depreciates at a rate of 24% per year, what is the monthly depreciation rate?

4.33%

2.00%

8.17%

6.33%

User Sferik
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5.6k points

1 Answer

3 votes

The answer would be 2. 00%. One year has 12 months included. Therefore, unless it depreciates unequally throughout the year, the equation would be 24%รท12. And the answer would so be 2. 00%

User Ranil Wijeyratne
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6.1k points
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