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 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
Answer Link
TheHero
TheHero TheHero
  • 18-06-2017
8% -> 12 month

x    -> 1 month


x = 1 * 8/12 = 0.67 %
Answer Link

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