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The value of a car decreases by 5% each year. Sophie bought a car two years ago for £10000 Work out the value now
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The value of a car decreases by 5% each year.

Sophie bought a car two years ago for £10000
Work out the value now

User MonkeyMagix
by
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1 Answer

3 votes
10,000*0.95^2
=9025

0.95 is a multiplyer since 100%-5%=95% then divided by 100 giving you 0.95

You always power by the amount of years

So the format is always
Amount*multiplyer^years
User Kimbluey
by
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