The price of a car depreciates by 15% per annum. Its price when new is 20 000.

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The price of a car depreciates by 15% per annum. Its price when new is £20 000.

a. Find the value of the car after 5 years.

b. Find when the value will be less than £4000.

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Pearson Edexcel A Level Mathematics Pure Mathematics Year 2

ISBN: 9781292183404

1st Edition

Authors: Greg Attwood, Jack Barraclough, Ian Bettison, David Goldberg, Alistair Macpherson, Joe Petran

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Question Posted: Aug 08, 2023 07:58 AM

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The price of a car depreciates by 15% per annum. Its price when new is 20 000.

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a To find the value of the car after 5 years you can use the formula for exponentia...View the full answer

Pearson Edexcel A Level Mathematics Pure Mathematics Year 2

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