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29 January, 21:49

A car is purchased for $20,000. In two years, the car is valued at $18,050. What is the rate of depreciation of the car?

a. 5%

b. 6%

c. 8%

d. 10%

+4
Answers (2)
  1. 30 January, 00:31
    0
    A. 5

    20000 - 18050 = 1950

    1950/2 = 975

    975/20000 =.48 (round to 5)
  2. 30 January, 00:33
    0
    The rate of depreciation in this car is A. 5%
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