Question

A car bought for $13000 depreciates at 12% per annum. What is the rate of decay of its value?a 0.12 b. 12C. 1.2d. Can't be predicted

Answer 1

The rate of decay of its value is 0.12

Here, we want to get the decay rate of the value of the car

To get the rate of decay, we look at the percentahe of depreciation

From the question, we can see that this is 12%

We proceed to express this in decimal form

Expressing this in decimal form, we have that;

`12\text{ percent = }(12)/(100)\text{ = 0.12}`