SOLUTION: A car was bought at the beginning of 1994. During the first year it depreciated in value by 23% and then by 9% each subsequent year. If it's original price was £9,000, what was its
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-> SOLUTION: A car was bought at the beginning of 1994. During the first year it depreciated in value by 23% and then by 9% each subsequent year. If it's original price was £9,000, what was its
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Question 835522: A car was bought at the beginning of 1994. During the first year it depreciated in value by 23% and then by 9% each subsequent year. If it's original price was £9,000, what was its value at the end of 1997, to the nearest pound? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! For now, say the original price was
After the 1st year, it's value is:
After the 2nd year, it's value is:
After the 3rd year, it's value is:
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To the nearest pound, it's value is 5,738
at the end of 1997
