Tom buys a car for £13400. It depreciates by 18.5% per annum. Workout how much it will be worth after: 3 years: 4 years: 6 years: 9 years:

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asked Nov 13, 2018 230k views

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Jrn · Answer 1 · 2018-11-18T10:02:23+0000

18.5 / 100 = 0.185, 1 - 0.185 =

3 = 13400*0.815^3 = £7254
4 = 13400*0.815^4 = £5912
6 = 13400*0.815^8 = £3926.90
9 = 12500*0.815^9 = £2125.80

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Tom buys a car for £13400. It depreciates by 18.5% per annum. Workout how much it will be worth after: 3 years: 4 years: 6 years: 9 years:

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