1.A car purchased at $20,000 calculate the value of the car after 5 years . if it depreciates at the rate of 5%. 2. The insurance company rated the value of the house at $100 ,000 . This value appreciates at the rate of 20% each year . calculate its value after 1 year.
3. A Lounge was valued at $165 ,0000 on 30th April , 2018 . given that appreciation is 4% per annaum . what was the value of the lounge on 30th April , 2019?