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11-01-2021
Mathematics

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Colin buys a car for £42800.
It depreciates at a rate of 5% per year.
How many years will it take to be worth less than £40000?

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11-01-2021

Answer:

Principal=₹42800

Rate of interest=5% but 2 years so multiply by 2 =5×2=10%

Time=2 years

Simple interest=42800×10×2/100= ₹8560

Amount=42800+8560=Rs51360

The answer is ₹ 51360

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