Exam-Style Question on Depreciation
A mathematics exam-style question with a worked solution that can be revealed gradually
Question id: 471. This question is similar to one that appeared on a GCSE Higher paper in 2017. The use of a calculator is allowed.
The value of a new car is £22 000.
The value of the car decreases by 30% in the first year then 10% in each of the next 5 years.
Work out the value of the car after 6 years.
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