Question

If a computer depreciates at a rate of 24% per year, what is the monthly depreciation rate?

4.33%

2.00%

8.17%

6.33%

Answer 1

The answer would be 2. 00%. One year has 12 months included. Therefore, unless it depreciates unequally throughout the year, the equation would be 24%÷12. And the answer would so be 2. 00%