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20 July, 13:28

The price of a car was $20,000 in 2014, $16,000 in 2015 and $12,800 in 2016. what is the rate of the depreciation of the price of car per year?

a. 15%

b. 20%

c. 25%

d. 30%

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Answers (1)
  1. 20 July, 17:26
    0
    b. 20%

    Step-by-step explanation:

    2014

    Car price = 20000

    2015

    Car price = 16000

    Depreciation = 20000 - 16000 = 4000

    Depreciation % = (4000/20000) * 100 = 20%

    2016

    Car price = 12800

    Depreciation = 16000 - 12800 = 3200

    Depreciation % = (3200/16000) * 100 = 20%
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