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Mr Jones is considering buying a new car but is worried about the depreciation. Being a computer enthusiast he decides to write a small programme

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Mr Jones is considering buying a new car but is worried about the depreciation. Being a computer enthusiast he decides to write a small programme to calculate how much the car will be worth as it ages. This is the function he came up with to calculate the value of the car given the percentage by which the car will depreciate each year and the age of the car. What is wrong with his calculations? function valueOfCar (priceOfCar,rate OfDepreciation ageOfCar) valueOfCar= priceOfCar for i=1 to ageOfCar valueOfCar=valueOfCar-(priceOfCar" (rateOfDepreciation/100)) next end function

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