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UI Post-UTME Mathematics 2018 (Model questions) Question 32

Question 32

Commercial Arithmetic

A car which cost ₦1.8million when new depreciates by about 12% in the first 6 months. Find its value after 6 months to 2s.f.

  1. A.₦1.2m
  2. B.₦1.6m
  3. C.₦1.5m
  4. D.₦1.7m
Show the answer and explanation

Answer: B (₦1.6m)

Explanation

1,800,000 × 0.88 = ₦1,584,000 ≈ ₦1.6m (2 s.f.).