SOLUTION: A used car was purchased at $900,000. 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.
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Question 1117359: A used car was purchased at $900,000. 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. Answer by josgarithmetic(39616) (Show Source):
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