Answer:
It takes 1 year.
Step-by-step explanation:
You have to apply simple interest formula, I = (P×R×T)/100 where I represent interest amount, P is principle, R is interest rate and T is number of years :
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1 answer:
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Answer:
Step-by-step explanation:
1. Use the distributive property to write the problem without parentheses. The distributive property says that you can multiply a number next to parentheses by all the numbers inside parentheses. The picture below explains.
Therefore, your answer is
£7200
In first year depreciates by 20%, that is it is worth 80% of it's original value
80% = = 0.8
value after 1 year = 0.8 × £10000 = £8000
In the second year it depreciates by 10% of it's value, that is it is worth 90% of it's value at the end of the first year.
90% = = 0.9
value after 2 years = 0.9 × £8000 = £7200