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A Law Firm in Oman Purchases a New Car for Partners

Question 7

Multiple Choice

A law firm in Oman purchases a new car for partners' use. Its original value is 19,000 Omani Rial (OMR) and it will depreciate by 15% per year. How much will it be worth after 3 years (to the nearest OMR) ?


A) OMR 11,634
B) OMR 11,646
C) OMR 11,659
D) OMR 11,668

Correct Answer:

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