Respuesta :
Answer:
The answer should be 4943.25
Step-by-step explanation:
Answer:
The resale value after 3 years = $ 4,943.25
Step-by-step explanation:
Cost price of car = $ 18,000
loss = 35 %
Number of years = 3 years
The reduced value for first year = $ 18,000 × ([tex]\frac{35}{100}[/tex] ) × 1
= $ 180 × 35 × 1
= $ 6,300
The resale value for first year = $ 18,000 - $ 6,300
=$ 11 , 700
The reduced value for 2nd year = $ 11,700 ×( [tex]\frac{35}{100}[/tex] )
= $ 117 × 35 × 1
=$ 4,095
The resale value for 2nd year = $ 11,700 - $ 4,095
= $ 7,605
The reduced value for 3 rd year = $ 7,065 × ([tex]\frac{35}{100}[/tex])
=$ 2661.75
The resale value for 3rd year = $ 7,605 -$ 2661.75
= $ 4,943.25
The resale value after 3 years = $ 4,943.25
