document.write( "Question 1117360: A used car was purchased at Le900,000. Its value depreciates by 30% in the first year. In each subsequent year, the depreciation was 22% of its value at the beginning of that year. If the car was bought on 1st March, 2011. Calculate the value of the car on 28th February,2015. \n" ); document.write( "

Algebra.Com's Answer #732426 by josgarithmetic(39617) $\"\"$ $\"About$

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After the first year's depreciation, value becomes $\"%280.7%29%28900000%29=630000\"$ Le.\r
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\n" ); document.write( "\n" ); document.write( "From beginning of March 2012 to end of Feb 2015, three years pass for depreciation rate of 22%.\r
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\n" ); document.write( "\n" ); document.write( " $\"v=630000%281-0.22%29%5E3\"$ \r
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\n" ); document.write( "\n" ); document.write( " $\"v=298968\"$ \r
\n" ); document.write( "\n" ); document.write( "or better, enough to be about Le 299000 \n" ); document.write( "

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