8 Every year the value of a car decreases The following graph illustrates the depreciation over time a What is the initial value of the car 1 mark b How long does it take for the car to lose half of its value 1 mark Value of Car 1000s 26 4228 20 18 16 14 12 10 8 6 4 2 Depreciation of a Car 1 2 3 4 5 6 7 8 9 10 Time in years c Calculate the percentage decrease from the time the car was purchased to 5 years later 2 marks