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3 years ago

A car loses 20% of its value every

Mathematics

1 answer:

kotegsom [21]3 years ago

5 0

Answer:

See below

Step-by-step explanation:

<u>20% loss a year with initial value of £6000 can be shown as function:</u>

V(t) = 6000*0.8^t

V(t) - is the value after t years

a) t = 1 year

V(1) = 6000*0.8 = £4800

b) t = 3 years

V(3) = 6000*0.8^3 = £3072

c) t = 8 years

V(8) = 6000*0.8^8 = £1006.63

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Answer:

$114,000

Step-by-step explanation:

Use formula

$I=P\cdot r\cdot t,$

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I = interst

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