You buy a car for R90 000. The car loses its value by 10% a year and you want to know how much the car will be worth in 3 years’ time.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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You buy a car for R90 000. The car loses its value by 10% a year and you want to know how much the car will be worth in 3 years’ time.

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I cant read the solution amount after 1st year is it 01,000?

 

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