SOLUTION: the cost of a scooter depriciates every year by 15% of its value at the beginning of the year.if the present price is 8000 find the price after 1 year and 2years
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Question 777837: the cost of a scooter depriciates every year by 15% of its value at the beginning of the year.if the present price is 8000 find the price after 1 year and 2years Answer by Cromlix(4381) (Show Source):
You can put this solution on YOUR website! Depreciates by 15% per year
100 - 15 = 85
85/100 = 0.85
1st year:
8000 * 0.85^1 = 6800
2nd year:
8000 * 0.85^2 = 5780.
Hope this helps.
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