Dan buys a car for £1700. It depreciates at a rate of 4% per year. How much will it be worth in 4 years?

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asked Sep 4, 2022 3.7k views

25 votes

Dan buys a car for £1700.

It depreciates at a rate of 4% per year.
How much will it be worth in 4 years?

Mathematics
college

PhilD asked

by PhilD

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2 Answers

11 votes

Answer:

1143.89

Explanation:

I HOPE it's help you

Dan buys a car for £1700. It depreciates at a rate of 4% per year. How much will it-example-1

Nayeem Mansoori answered Sep 7, 2022

by Nayeem Mansoori

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5 votes

Answer:

Explanation:

100%-4%=96%

96/100=0.96

£1700*0.96^4=£1443.89

MaxAlex answered Sep 11, 2022

by MaxAlex

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1143.89

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