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1 markPaper 1 · Multiple choiceAppreciation and Depreciation

CSEC Mathematics · May/June 2011 · Paper 1 · Question Q19

At the end of any year, a car is worth 5\% less than what it was worth at the beginning of the year. If a car was bought for \10\,000$ in January 2009, its value in December 2009 was

  1. (A)\9\,000$
  2. (B)\9\,025$
  3. (C)\9\,500$
  4. (D)\9\,995$

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