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

3856 Views

See similar Maths GCSE tutors

Related Maths GCSE answers

All answers ▸

The new reading for James' electricity bill is 7580, and the old reading is 7510, the price per unit is 13p, how much does James have to pay for his electricity?


Find x and y when 3x + 4y = 27 and x + 2y = 11


Q) The equation of a curve is y=(x+4)^2+7. Find the co-ordinates of the turning point


How do I find the equation of a line that is perpendicular to another line?


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 2013–2024

Terms & Conditions|Privacy Policy
Cookie Preferences