Depreciation 5990

The price of the car was € 15,000. What will be the price of a car with an annual depreciation of 1% in 8 years?

Correct answer:

x1 =  13800 Eur
x2 =  13841.1704 Eur

Step-by-step explanation:

c=15000 eur p=1 % n=8  q=p/100=1/100=1001=0.01 x1=c (1n q)=15000 (18 0.01)=13800 Eur
x2=c (1q)n=15000 (10.01)8=13841.1704 Eur



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