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.

Answered by Lottie B. Maths tutor

4312 Views

See similar Maths GCSE tutors

Related Maths GCSE answers

All answers ▸

A shopkeeper compares the income from sales of a laptop in March and in April. The price in April was 1/5 more than in March. The number sold in April was 1/4 less than in March. By what fraction does income decrease from March to April?


6x + 2y = 22, 2x + y = 8. Find x and y.


Differentiate y = 3x^4 + 6x^3


Expand (2x-1)(x+3)


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