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Dan buys a car for £2300. It depreciates at a rate of 0.2% per year. How much will it be worth in 6 years? Give your answer to the nearest penny where appropriate.

User PokeLu
by
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2 Answers

3 votes

Answer:

the answer is 2272.54

Explanation:

:))

User Adam Cataldo
by
8.3k points
0 votes

9514 1404 393

Answer:

£2272.54

Explanation:

An equation for the value is ...

v = £2300(0.998^t)

Then for t=6, the value is ...

v = £2272.54

_____

Additional comment

The growth factor (0.998) is (1 - decay rate) = (1 -0.002).

User Pectus Excavatum
by
8.2k points
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