Question

A car sells for 16000 if the rate of depreciation is %18 find the value of the car after 8 years

Answer 1

Hence the sell value of car after 8 years at 8% depreciation = 3270.62 unit

Explanation:

Given as ,

A car initial sells value = 16000 unit

Depreciation rate of sell = 18 %

Time for depreciation = 8 years

Now , The value of car after 8 years =
`initial sell value * (1 - (Rate)/(100))^T`

Or, =
`16000 * (1 - (18)/(100))^8`

= 16000 × 0.2144

= 3270.62 unit

Hence the sell value of car after 8 years at 8% depreciation = 3270.62 unit Answer