The value of a new car is £18,000. The value of the car decreases by 25% in the first year and 12% in each of the next 4 years. Work out the value of the car after 5 years?

The initial value of the car is 18000. To subtract 25% of 18000 one must times 18000 by 0.75 which equals 13500. Next, one must times 13500 by 0.88 to the power of 4 which equals 8095.89 to 2 decimal places which is the final answer.

LB
Answered by Lottie B. Maths tutor

4644 Views

See similar Maths GCSE tutors

Related Maths GCSE answers

All answers ▸

A semicircle has a diameter of 8cm, what it the area?


How should I go about factorising x^2+5x+6?


How do you simplify expressions involving different powers?


Solve the simultaneous equations: x^2 + y^2 = 25 and y − 2x = 5


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences