## The value of a car depreciates by 18% per year. Work out the current value of a car bought 4 years ago for £20000.

Question

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## Answers ( )

Answer:9042.4352 = 9042.44 (rounded off to the nearest pence)

Step-by-step explanation:formulae P( 1 – R/100)^yrs thus

20000( 1 – 18/100)^4