the value of the car will be 3250 after 5 years
Step-by-step explanation:
the value of the car = 13000
rate of interest = 15%
time = 5 years
in 5 years the car will depreciates = 13000 X 15% X 5
=[tex]\frac{13000 X 15 X 5}{100}[/tex]
= 9750
after 5 years the value of the car is = 13000 - 9750 = 3250
