Glenn Bought A Car For Php600,000. The Yearly Depreciation Of His Car Is 10 Percent Of Its Value At The Start Of The Year. What Is Its Value After 4 Y
Glenn bought a car for Php600,000. The yearly depreciation of his car is 10 percent of its value at the start of the year. What is its value after 4 years?
a. Php437,400
b. Php438,000
c. Php393,660
d. Php378,000
C. Php393,660
1st yr - 600,000 x 10% = 60,000
600,000 - 60,000 = 540,000
2nd yr - 540,000 x 10% = 54,000
540,000 - 54,000 = 486,000
3rd yr - 486,000 x 10% = 48,600
486,000 - 48,600 = 437,400
4th yr - 437,400 x 10% = 43,740
437,400 - 43,740 = 393,660
Thus, the cars value after 4 yrs. is Php393,660.
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