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Jordan buys a car for £5000. It depreciates buy 23% per year. How much is it worth after 5 years?
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Jordan buys a car for £5000. It depreciates buy 23% per year. How much is it worth after 5 years?

User Uvtc
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1 Answer

4 votes
The answer can be computed as follows:
worth = £5000(1 - 0.23)^(5) = £1353.39
It is approximately worth £1353.39 after 5 years.
User Kilkadg
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