A car that has an original value of $52,500 depricates $10000 in the first year and there original cost per year. What is its value after 8 years?

• $13100
  
  1st year depreciation amount = 10000
  next 7 year's depreciation amount = 7 * 8% original cost price
  = 7*8/100 * 52500
  =29400
  
  Total depreciation amount = 39400
  
  Value after 8 years = $13100
  
• 10 years agoHelpfull: Yes(45) No(0)
• After first year , it depreciates 10000
  So we have to calculate for 7 years from 1st year
  p=52500
  n=7
  r=8%
  p(1 - r/100)^n = 52500(1 - 8/100)^7
  52500(92/100)^7 => 52500 [ 23/25 ]^7
  =>29286.9
  Approximately $29287
  So 7 years from 2nd year the cost depreciates to $29287
  ALready $10000 had depreciated in the 1st year
  So amount after 8 years = $29287 - $10000 => $19287
  
  Ans : $19287
  
  
• 10 years agoHelpfull: Yes(38) No(33)
• A car that has an original value of $52,500 depricates $10000 in the first year and there after at the rate of 8% of the original cost per year. What is its value
  
  after 8 years?
• 10 years agoHelpfull: Yes(13) No(3)
• A car that has an original value of $52,500 depricates $10000 in the first year and there after at the rate of 8% of the original cost per year. What is its value after 8 years?
  Sol:-
  
  value of car after 1 year = 52500-10000 = 42500
  8%of(original cost)=(8/100)*52500 = 4160
  cost after 8 years(means 7 years afer the 1st year) = 42500-(7*4160)= $13380
• 9 years agoHelpfull: Yes(7) No(9)
• @SARASWATHY How did you get the valueof r =8 ?
  please explain....
• 9 years agoHelpfull: Yes(5) No(1)
• Abe Question toh sahi likh!
  
  A car that has an original value of $52,500 depricates $10000 in the first year and there original cost per year. What is its value after 8 years?
• 7 years agoHelpfull: Yes(2) No(1)
• depreciation amount after 1st year= $10000
  therefore, the value of the car becomes (52500-10000) = $42500 after 1 year
  now after 1 year the cost price depreciates @ 8% of the original cost i.e, $ 52500 per year for 7 years .
  i.e, the depreciation amount after 7 years is = 7*{(8/100)* 52500}
  = 7* 4200
  = $ 29400
  therefore the value of the car after 8 years = 42500-29400
  = $13100
  so, the ans is $13100
• 6 years agoHelpfull: Yes(2) No(0)
• by
  fv=pv(1+r)^n
• 10 years agoHelpfull: Yes(1) No(2)
• pls send ans
• 10 years agoHelpfull: Yes(1) No(1)
• wats the correct solution?
  
• 9 years agoHelpfull: Yes(1) No(0)
• use p/(1-r/100)^n formula
• 8 years agoHelpfull: Yes(1) No(3)
• Don't know
• 5 years agoHelpfull: Yes(1) No(0)
• original value=52500
  after first year:- 52500-10000=42500
  
  now this value will get depriciated for the next 7 years
  
  so,final value:-
  as per the formula P'=P(1-r/100)^n
  
  = 42500 * (1-8/100)^7
  = 42500 * 0.5578
  = $23706.5
• 7 years agoHelpfull: Yes(0) No(2)