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

4553 Views

See similar Maths GCSE tutors

Related Maths GCSE answers

All answers ▸

The equation of the line L1 is: y = 5x-4. The equation for line L2 is 2y-10x+16 = 0. Show that these two lines are parallel.


What are the roots of the graph of this equation: x^2 + 9x + 18 = 0


Differentiate y =cos^4(x)


Solve the simultaneous equations: 3x-y=13, 2x+y=12


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences