A minibus cost sh 4000000. Due to wear and tear, it depreciated in value by 2% every month. Find its value after one year.

      

A minibus cost sh 4000000. Due to wear and tear, it depreciated in value by 2% every month. Find its value after one year.

  

Answers

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A = P(1 – r/100)^n
P = sh.4000000
r =2%
n=12
A = 4000000 (1-0.02)^2
= sh. 3138866.90

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joseph rimiru answered the question on November 16, 2017 at 19:15

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