Question

If a value of a car worth 50000 is deprecating half yearly at 10 percent pa the correct expression to express its value after 2 years is?

Answer 1

50,000 x 0.90 ^ 4 = X

Explanation:

Since the value of a car worth $ 50,000 is deprecating half yearly at 10 percent, the correct expression to express its value after 2 years is determined through the following calculation:

50,000 x 0.90 ^ 4 = X

32.805 = X

Thus, after 2 years with a semi-annual depreciation of 10%, the car will be worth $ 32,805.