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tatyana61 [14]
3 years ago
7

Dafydd bought a bike for £300 on 1st February 2010. Every year the value of the bike depreciates by 18% of its' value at the sta

rt of the year. Find the value of the bike on 1st February 2014.
Mathematics
1 answer:
lakkis [162]3 years ago
7 0

Answer: £165.41

Step-by-step explanation:

Price of bike when purchased in 2010 = £300

Depreciation rate yearly = 18%

Value of bike in 2011

Purchased price - depreciation value

= £300 - £300 * 0.18

= £300 - £54

= £246

Value of bike in 2012

= 2011 Price - depreciation value

= £246 - £246 * 0.18

= £246 - £44.28

= £201.72

Value of Bike in 2013

= price of 2012 - depreciation value

= £201.72 - £201.72 * 0.18

= £201.72 - £36.31

= £165.41

Price in 2014 would be £165.41

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