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Harry buys a car for £12500 during the first year it depreciates in value by 10% and during the second year it depreciates by 8%. Calculate the value of the car at the end of th…

Harry buys a car for £12500 during the first year it depreciates in value by 10% and during the second year it depreciates by 8%. Calculate the value of the car at the end of th…
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Harry buys a car for £12500 during the first year it depreciates in value by 10% and during the second year it depreciates by 8%. Calculate the value of the car at the end of the two years.

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User Atsumi
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1 Answer

4 votes

Cost price=12500

10% depreciation=.9x12500=11250

8% " =.8x11250=9000(Ans)

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