Question

At the end of any year a car is worth 5% less than what is was worth at the beginning of the year. if a car was brought for 10 000 in January 2009, its value in December 2009 was

Answer 1

9500

Explanation:

If you didn't understand that one (which I personally found a little complicated) the answer can be found like this.

1. You firstly find the decrease which is 5/100 × 10000 (5/100 can also be written as 5%) and the answer will be 500

2. Then you take the original value and you minus the loss in worth of the car —> 10000-500 = 9500

Answer 2

Answer:If at the end of any year a car is worth 5% less than what it was worth at the beginning of the year, we can say that the car's value decreases by a factor of 0.95 (1 - 0.05) every year.

To find the car's value in December 2009, we can use the formula:

Car value at end of year = Car value at beginning of year * (1 - 0.05)^(number of years)

Plugging in the given values, we get:

Car value in December 2009 = 10,000 * (1 - 0.05)^1 = 9,500

So the car's value in December 2009 is 9,500 dollars.

Explanation: