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29 August, 09:32

If a computer depreciates at a rate of 20% per year, what is the monthly depreciation rate?

6.67%

1.67%

8.19%

5.00%

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Answers (1)
  1. 29 August, 10:41
    0
    1.67%

    Step-by-step explanation:

    With the given information that the computer depreciates 20% a year, we have our basis for making the calculation. What is asked for is how much of a depreciation the computer has monthly. One year has 12 months, so in order to get to the result we just simply need to divided the 20% with the number of months in a year to get the result:

    20 / 12 = 1.67

    The result is 1.67%, thus the computer depreciates 1.67% on a monthly basis.
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