Question: 2.2 How long will it take for a car to be worth 20% of its cost price, if the depreciation is calculated at 15% p.a.

 2.2 How long will it take for a car to be

2.2 How long will it take for a car to be worth 20% of its cost price, if the depreciation is calculated at 15% p.a. on reducing balance method? (4)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!