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1 markPaper 1 · Multiple choiceAppreciation and Depreciation

CSEC Mathematics · May/June 2013 · Paper 1 · Question Q17

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 worth \10\ 000$ in January 2011, then its value in December 2011 was

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

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