Answer:
20%
Step-by-step explanation:
Given that
The car is depreciated at a rate of 7% per year
We need to find out the percentage when the car is depreciated after 6 years
So,
Since the car is depreciated by 7% so we can say it can be 0.93 times in a year
Now after 6 years, it would make
= 0.93^3
= 0.80
So, the percentage is
= 1 - 0.80
= 0.20
= 20%
