bobbiedavis55 bobbiedavis55

14-06-2017
Mathematics

contestada

a car cost $20,000 when it was purchased. the value of the car depreciates by 8% each year. find the rate of decay each month.

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Aliwohaish12 Aliwohaish12

14-06-2017

Hi there

the rate of decay each month
0.08÷12months=0.00667
0.00667×100=0.667% each month

Hope it helps

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TheHero TheHero

18-06-2017

8% -> 12 month

x -> 1 month

x = 1 * 8/12 = 0.67 %

Answer Link

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