Register
Nick bought a new car. Each year the car depreciates in value by 12%. Work out the number of years it takes for the car to half in value.
35.9k views
0 votes
Nick bought a new car.

Each year the car depreciates in
value by 12%.
Work out the number of years it takes for the car to half in value.

User Randomize
by
7.8k points

1 Answer

5 votes
car decreases in value by 12% per year:

1 year = 12%
4 years = 48%
5 years = 60%
per month = 1%

answer: it will take 4 years and 2 months for the car to half in value
User Raphael Michel
by
9.4k points
← Prev Question Next Question →

No related questions found

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

9.5m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!