MathematicsFractions, decimals, approximations and percentagesJAMB
A car bought for ₦2,000,000 depreciates by 10% of its value each year. Find its value after 2 years.
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Answer: C. ₦1,620,000
2,000,000 × 0.9 × 0.9 = ₦1,620,000 (the loss is on the reduced value each year).
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.