Calculate the value of a mini bus costing $210,000 after years if it depreciates at 14% per annum. (Use the formula)

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Question 2 of 4

2. Question

Calculate the value of a plot of land worth $60,000 if it appreciates at 5% for a period of 4 years.

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Question 3 of 4

3. Question

Calculate the value of a motorcycle costing $56,000 after a period of 3 years if its rate of depreciation is 7%. [Use first principles and the formula]

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Question 4 of 4

4. Question

A man invests $18,500 in a saving account at a bank. If the invests for 2 yrs. at a simple interest rate of 4.5%. How much money can he withdraw at the end of this time?

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