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22-06-2021
Mathematics

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You bought your car at the cost of $3000.If the value depreciates each year at a rate of 5%.By how much did the value of the bicycle devalued

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23-06-2021

Answer:

$150

Step-by-step explanation:

Given

Price of car = $3000

Percent depreciation = 5%

Depreciation amount = 5% of $3000

Depreciation amount = 0.05 * 3000

Depreciation amount = $150

New value for the car = 3000 - 150

New value for the car = $2850

The value of the car devalued by $150

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