Question

robert buys a car for $8000. at the end of each year the value of the car has decreased by 10% of its value at the beginning of that year. calculate the value of the car at the end of 7 years.

Answer 1

So I believe you will have to do 10% x 7 as it has been seven years which will be 70% and 70% of 8000 is 5600 so the answer will be £5600