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Colin buys a car for £6000. It depreciates at a rate of 6% per year. How much will it be worth in 4 years? Give your answer to the nearest penny where appropriate.
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11 votes
Colin buys a car for £6000.

It depreciates at a rate of 6% per year.
How much will it be worth in 4 years?
Give your answer to the nearest penny where appropriate.

User Richard Rast
by
8.0k points

1 Answer

9 votes

Answer:

4684.5

Explanation:

6000 * (1 - 6%)4 = 4684.5 (1.d.p)

User Lazer
by
8.5k points
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