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Dan buys a car for £700. It depreciates at a rate of 5.5% per year. How much will it be worth in 6 years? Give your answer to the nearest penny where appropriate
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Dan buys a car for £700.

It depreciates at a rate of 5.5% per year.
How much will it be worth in 6 years?
Give your answer to the nearest penny where appropriate

User Santiago Vanegas
by
3.4k points

1 Answer

11 votes
£733 because that’s is only yearly,so it won’t go up much with that rate
User Buddah
by
3.7k points
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