The value of a car depreciates by 18% per year. Work out the current value of a car bought 4 years ago for £20000.

Question

The value of a car depreciates by 18% per year. Work out the current value of a car bought 4 years ago for £20000.

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Valentina 3 weeks 2021-09-22T10:21:05+00:00 1 Answer 0

Answers ( )

  1. Answer:

    9042.4352 = 9042.44 (rounded off to the nearest pence)

    Step-by-step explanation:

    formulae P( 1 – R/100)^yrs thus

    20000( 1 – 18/100)^4

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45:7+7-4:2-5:5*4+35:2 =? ( )