Question

A car presently valued at 12 000 depreciates at 10 % per annum .What will be the value of the car one Year later ?                                          ​

Answer 1

10'800

Explanation:

Car initial price= 12000

Depreciation= 10% or 0.10 per year

Car final price= Initial price-(Initial price/depreciation)

Car final price= 12'000-(1'200)

Car final price= 10'800