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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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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?

User PhilD
by
3.8k points

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
User Nayeem Mansoori
by
4.0k points
5 votes

Answer:

Explanation:

100%-4%=96%

96/100=0.96

£1700*0.96^4=£1443.89

User MaxAlex
by
3.5k points
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