Car depreciate at an annual rate of 10%p.a.if the car costs K75000when new,how much is the car worth after 4 years?
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ChatGPT
Jun 6
To calculate the value of the car after 4 years, we need to use the formula for depreciation:
Value after depreciation = Initial value - (Initial value * depreciation rate * number of years)
Depreciation rate = 10% = 0.10 Initial value = K75000 Number of years = 4
Value after depreciation = K75000 - (K75000 * 0.10 * 4) Value after depreciation = K75000 - (K75000 * 0.40) Value after depreciation = K75000 - K30000 Value after depreciation = K45000
Therefore, the car is worth K45000 after 4 years.
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Google Gemini AI
Jun 6
The car's value after 4 years can be calculated using the formula: Value after n years = Initial value - (1 - Depreciation rate)^n
Given: Initial value = K75000 Depreciation rate = 10% p.a. = 0.10 Number of years (n) = 4
Plugging in the values, we get: Value after 4 years = K75000 - (1 - 0.10)^4 = K75000 - 0.6575 = K49,313
Therefore, the car is worth K49,313 after 4 years.