Question

A car depreciates in value by 17% per year.

If it cost $23 000 when it was new, how much is it worth after 4 years?

Answer 1

17%of 23000

17/100×23000

1 yrs depreciation is 3910

then

after 4 years depreciation is 4×3910

=15640

the worth of after 4 yrs is 23000-15640

=Rs 7360