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
Related Maths GCSE answers
All answers ▸Find the equation of the straight line which passes through the point (0, 3) and is perpendicular to the straight line with equation y = 2x.
Probabilities: "A bag contains counters that are red, blue, green and yellow. There are 9 red, (3x) blue, (x-5) green and (2x) yellow. If the probability of picking a red at random is 9/100, work out the probability of picking a green."
Solve algebraically: 6a+3b=24, 3a-b=7
Solve (6x-2)/4 - (3x+3)/3 = (1-x)/3. (4 marks)