Simple Interest and Profit/Loss (G8)

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question 1 of 11 Grade: Eight - G8

Q: Vumu Car Hire bought a car at K45,000.00. Given that the car depreciated using the straight line method at 10% of the original cost per year, calculate the book value of the car after 3 years.

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Did You Know?

If the price with VAT is 115% of original, then original price = 115 / 1.15 = K100.00.

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