Dan buys a car for £700. It depreciates at a rate of 5.5% per year. H

1.	Dan buys a car for £700. It depreciates at a rate of 5.5% per year. How much will it be worth in 6 years? Give your answer to the nearest penny where appropriate.
Answer» Step-by-step EXPLANATION: original cost - 700 depreciation - 5.5% per year 5.5% of 700 5.5/100 * 700 = Rs. 38.5 in one year cost after 6 years, 38.5 * 6 = 231 now, 700-231 = 469 the cost of the car will DEPRECIATE 231 RUPEES and the cost after SIX years will be 469 rupees.

Dan buys a car for £700. It depreciates at a rate of 5.5% per year. How much will it be worth in 6 years? Give your answer to the nearest penny where appropriate.

Answer»

Step-by-step EXPLANATION:

original cost - 700

depreciation - 5.5% per year

5.5% of 700

5.5/100 * 700 = Rs. 38.5 in one year

cost after 6 years,

38.5 * 6 = 231

now,

700-231 = 469

the cost of the car will DEPRECIATE 231 RUPEES and the cost after SIX years will be 469 rupees.