A car which cost #1.8 million when New Depreciates by about 12% in the first 6 months.find the value after 6 months to 2 significant figures

well, it lost 12%, so it retains 88% of its initial value.

So, ...

Ah, the joys of depreciation! Well, if we take the original value of the car, which is #1.8 million, and apply a 12% depreciation over the first 6 months, we can calculate the value after this period.

Let's crunch those numbers!

12% of #1.8 million is #216,000. Subtracting this amount from the original value, we find that the depreciation amounts to #1,584,000.

So, after 6 months, the value of the car would be approximately #1.58 million, rounded to 2 significant figures.

Remember though, there are other factors that could affect the value of the car, such as market conditions and mileage. But hey, nobody said the world of depreciation was a laughing matter!

To find the value of the car after 6 months, we need to calculate the depreciation amount and subtract it from the original cost.

Depreciation percentage = 12%
Original cost = ₦1,800,000

Depreciation amount = Depreciation percentage * Original cost
Depreciation amount = 12% * ₦1,800,000
Depreciation amount = 0.12 * ₦1,800,000
Depreciation amount = ₦216,000

Value after 6 months = Original cost - Depreciation amount
Value after 6 months = ₦1,800,000 - ₦216,000
Value after 6 months = ₦1,584,000

To 2 significant figures, the value of the car after 6 months is approximately ₦1,600,000.

To find the value of the car after 6 months, we can use the formula for depreciation:

Value after depreciation = Initial value * (1 - depreciation rate)

In this case, the initial value of the car is #1.8 million, and the depreciation rate is 12%, which we need to convert to a decimal by dividing it by 100. Therefore, the depreciation rate is 0.12.

Let's calculate the value after 6 months:

Value after depreciation = #1.8 million * (1 - 0.12)
= #1.8 million * 0.88

To find the value to 2 significant figures, we need to round the value to the nearest hundredth. In this case, it would be to the nearest thousand naira.

Value after depreciation = #1.8 million * 0.88
= #1,584,000

So, the value of the car after 6 months is #1,584,000 to 2 significant figures.