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

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

User Britztopher
by
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1 Answer

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18% of 20000 = 3600(0.18 x 20000 = 3600)
3600 x 4 years = 14400
(original value - depreciated value in 4 years: 20000 - 14400 = 5600)
The current value of the car is at £5600
User AmITheRWord
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