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Please please please help!! I need this URGENT Dan buys a car for £2700. It depreciates at a rate of 1.4% per year. How much will it be worth in 5 years? Give your answer to the nearest penny where appropriate.
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3 votes
Please please please help!! I need this URGENT

Dan buys a car for £2700.
It depreciates at a rate of 1.4% per year.
How much will it be worth in 5 years?
Give your answer to the nearest penny where appropriate.

User Dion Groothof
by
6.2k points

2 Answers

4 votes

Answer:

So it depreciates at a rate of 1.4% so 25% a year and you do £2700 multiply by 25 each year £2700 multiply by 25 x 5 = £540 in 5 years

Explanation:

User Jay Dorsey
by
6.8k points
13 votes

Answer:

£

2516.22

Explanation:

£

2516.22

User Jtjacques
by
6.1k points
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