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Comound interest: A car is bought for the price of £12 000, but its value depreciates every year by 8%. Calculate, how much will the car be worth in 5 years

The question states the value of the car depreciates every year by 8%. This means that from the original, 100% value of the car in a set year, every consecutive year the value will decrease by 8% so that ...

VB
Answered by Victoria B. Maths tutor
4172 Views

are technological developments making perfect competition more realistic

A quality of Perfect competition is having perfect knowledge across the market between suppliers and producers, and PC is becoming more realistic as technology developes. This is because internet access e...

MA
Answered by millie a. Economics tutor
12091 Views

How to find LCM and HCF of two numbers

Take numbers 24 and 36 for example.First we'd need to find the prime factors of each of the two numbers which can be done through factor trees24 = 23x 336 = 22 x 32What we...

NI
Answered by Nafi I. Maths tutor
2836 Views

Why do Physicists take multiple readings in experiments?

Taking multiple readings allows for errors (known as anomalous data points) to be spotted.For example if you were to take just one reading in an experiment and this was wrong, there would be no way of tel...

DS
Answered by Daniel S. Physics tutor
12067 Views

"The Conservative and Labour Party have very different ideologies". Discuss.

The student would be expected to understand the baseline ideologies of the Conservative and Labour party and use policies to back up these claims. There would then be an expectation to compare and contras...

JS
2700 Views

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