Respuesta :
The value of the car decreases by 8% every year.
The cost of the car is $20,000.
So rate for one year depreciation is 0.08
Rate of depreciation per month shall be 0.08 /12 =0 .0066667
Hence the rate of depreciation shall be 0.66667%
But as it is depreciation.
It must be negative
Hence the rate of depreciation every month shall be - 0.666667%
Option C) is the right answer.
The rate of decay of car for each month = [tex]\bold {-0.666667\%}[/tex]
hence option (c) is correct
A car cost $20,000
The value of the car decreases by 8% each year.
Cost of a car = $20000
The value of the car decreased by each year by 8% so the yearly depreciation rate can be given by = 0.08
As 0.08 is rate given for 12 months
Let [tex]\bold d[/tex] be the depreciation rate for each month
depreciation rate for each month can be formulated as
[tex]\rm d = \dfrac{0.08}{12} = 0.006667 = 0.666667\%[/tex]
As the depreciation is written in negative so the decay for each month can be given as [tex]\bold {-0.666667\%}[/tex]
hence option (c) is correct.
For more information please refer to the link below
https://brainly.com/question/11556257
