105k views
4 votes
a car lose half of its value during it's first year of usage and there after loses 8% of its value in each year.calculate its value at the end of three years ( give it's value as the percentage of original value)

User Kamala
by
8.8k points

1 Answer

2 votes

Let the original value be x.

After the first year, the value will decrease 50%, so, it will be 0.5x.

By the end of the second year, it will decrease other 8%, 0.08.

so:

0.5x*(1-0.08) = 0.46x

And by the end of the third year, will decrease 8% again, so:

0.46*(1-0.08) = 0.4232x

The price will be 42.32% of the original value.

User Amarcy
by
7.7k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories