A Used Car was purchased at $900,000.
its value depreciated by 30% in the first
year. In each subsequent year, the deprecia.
tion was 22% of its value at the begining
of that year. If the car was bought
ist March, 2011 Calculate Correct to the
nearest hundred naira, the value of the
st year (mar 2011. feb 2012) = x 900.000
depreciation 30%
30% x 900,0%
Car on
28th Febuary
2015
10 y
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