A car is worth £ and loses of its value each year. What is it worth after years?
Answer and explanation
Correct answer: A. £13,939.20
- Step 1: A loss is a multiplier of .
- Step 2: .
Answer
£13,939.20.
Why not the others: £13,680.00: This takes off in one go, which ignores that the second year's loss is of a smaller value. £15,840.00: This only applies one year of depreciation. £22,579.20: This increases the value by each year instead of decreasing it.
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