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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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Jul 23, 2022
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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.
Mathematics
high-school
Richard Rast
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Answer:
4684.5
Explanation:
6000 * (1 - 6%)4 = 4684.5 (1.d.p)
Lazer
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Jul 27, 2022
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Lazer
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