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(a) A car is worth shs.800,000 when new. During the first year it depreciates by 20% of its value and in the second it deprecates by...

      

(a) A car is worth shs.800,000 when new. During the first year it depreciates by 20%
of its value and in the second it deprecates by 5% of its value at the start of the year.
During the third, fourth and fifth year, depreciation rate is 10%. How much less will
it cost at the end of the fifth year?
(b) Find by how much the compound interest will exceed simple interest on shs.3,000
for two years at 15% per year

  

Answers


Kavungya
a) 1st year after dep. Of 20%
800 000 x 80
100
= Khs. 640,000
fig4419620191213.png
Kavungya answered the question on June 19, 2019 at 09:14


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