Allmeforevesneves Allmeforevesneves

08-05-2017
Mathematics

contestada

A car is purchased for $20,000. In two years, the car is valued at $18,050. What is the rate of depreciation of the car?

a. 5%
b. 6%
c. 8%
d. 10%

Respuesta :

Avril1938 Avril1938

08-05-2017

A. 5

20000- 18050 = 1950
1950/2 = 975
975/20000 = .48 (round to 5)

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INeedAUsernameDangit INeedAUsernameDangit

08-05-2017

The rate of depreciation in this car is A. 5%

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