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PLEASE HELP
Find the current value of a car bought for new at $18300 which depreciates at 8% per annum over 4 years

Respuesta :

liketolearn333

Answer:

12, 444

Step-by-step explanation:

•First find out what is 8% of 18300

=8\100 ×18300\1 = 146400\100 =1464. [\ means ÷]

• Next multiply 1464 by 4 years =5,856

•Finally calculate 18300- 5856 = 12,444 (we are saying 18300 - 5856 because the money

decreased & 5856 represnt 8% of 18300 in 4 years)

Note :

~ Appreciation is when money increases

~Deperciation is when money decreases

Hope this helps !!!

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