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2 years ago

28 Jess bought a new car for £12 000.

Mathematics

1 answer:

devlian [24]2 years ago

7 0

The value of the car after three years is £6936

<h3>How to determine the value of the car?</h3>

The initial value of the car is given as:

Value = £12000

When the value depreciates by 20% after the first year, the new value of the car is:

New = £12000 * (1 - 20%)

Evaluate

New = £9600

When the value depreciates by 15% after the second year, the new value of the car is:

New = £9600* (1 - 15%)

Evaluate

New = £8160

When the value depreciates by 15% after the third year, the new value of the car is:

New = £8160 * (1 - 15%)

Evaluate

New = £6936

Hence, the value of the car after three years is £6936

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