Question

You decide to buy a car that costs $10,000. The normal depreciation for such a car is 5% per year. How much will the car be worth in 2 years?​

Answer 1

11,000

Explanation:

10% of 10,000 is 1,000 so 5% is 500 and add 2 of 5% you get 1,000 and add it to the old price thus you get 11,000.