Question

The car is bought for birr 125000 depreciate in value by birr 4000 per year how long will it take for the car to make alose of 25% of its value? (to the nearst year ? ) .

Answer 1

25% of 125000 is given by;

$(25/100)× 1250000$= 312500

This will be in

312500/4000= 78yrs