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The value of a yacht was £230 000. The yacht depreciated by 12% each year. Work out it’s value after 3 years, to the nearest £100.
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15 votes
The value of a yacht was £230 000.

The yacht depreciated by 12% each year.
Work out it’s value after 3 years, to the nearest £100.

User Stetzon
by
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2 Answers

11 votes

Answer:

88/100 x 230000=202400

88/100 x 202400=178112

88/100 x 178112=156,738.56

Ans) Pounds 156,700

Explanation:

User Daniel White
by
7.9k points
7 votes
£156,210 would be the answer
User Nucleons
by
7.8k points
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