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Wisal buys a car for £19000. The value of the car depreciates by 5% each year. Work out the value of the car after 4 years.​

Wisal buys a car for £19000. The value of the car depreciates by 5% each year. Work out the value of the car after 4 years.​
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2 votes
Wisal buys a car for £19000.

The value of the car depreciates by 5% each year.
Work out the value of the car after 4 years.​

User Corbett
by
8.5k points

1 Answer

4 votes

Answer:


15475.62

Explanation:


19000 * (1-(5)/(100)) ^4


19000 * ((19)/(20)) ^4


(2476099)/(160)


=15475.61875

User Stevecowling
by
8.0k points
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