A new car costs $9490. In the first year its value drops by 30%. What

1.	A new car costs $9490. In the first year its value drops by 30%. What is the worth of the car after one year?
Answer» Answer: Given, Cost of a car = $ 9690 Depreciation rate = 30% Time = 1 YEAR WORTH OF CAR AFTER 1 YEAR:- PRICE= $9690 - 30% of 9690 = $9690 -30/100 x 9690 = $9690 - $2907 = $6783 THEREFORE, VALUE OF CAR AFTER 1 YEAR, 7 = $6783

A new car costs $9490. In the first year its value drops by 30%. What is the worth of the car after one year?

Answer»

Answer:

Given,

Cost of a car = $ 9690

Depreciation rate = 30%

Time = 1 YEAR

WORTH OF CAR AFTER 1 YEAR:-

PRICE= $9690 - 30% of 9690

= $9690 -30/100 x 9690

= $9690 - $2907

= $6783

THEREFORE,

VALUE OF CAR AFTER 1 YEAR, 7

= $6783