This week in math we saw some questions that displayed percentages.
For example.
Billy a wanted to estimate the value of his car (New) after several years of use. The car was worth $34 000 new and depreciates in value by 10% each year. What will be the value of his car at the end of 1 year of use and 5 years of use?
Analysing the Question.
Value of New Car = 34 000
= 34 000 x .90 = 21 420de·pre·ci·ate
dəˈprēSHēˌāt/
verb
-
diminish in value over a period of time.
5th year
Formula =
Take
34 000 (.90) ^ 5-1 = 20 075.66