James buys a new car for £1000. Every year the value of the car decreases by 3%. If James bought the car in 2017 what would the value of the car be in 2021?

First work out how many years have passed since the car was bought. 2017-2021 is 4 years. Write an expression for the cost of the car after n years. Cost = 1000 * 0.97n. Write down an expression for the cost of the car after 4 years. Cost = 1000 * 0.974. Calculate the total cost. Cost = £885.29281 = £885.29

Answered by William G. Maths tutor

2233 Views

See similar Maths GCSE tutors

Related Maths GCSE answers

All answers ▸

Could you please go through an example question where you have to solve quadratic simultaneous equations?


Sketch the graph of y = 5 - 7x


A straight line runs through these two coordinates (1,5) and (4,7), find the equation of the line.


A sequence starts with the following terms... 2, 8, 14, 20... find the nth term


We're here to help

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