Question

A car loses 20% of its value every

Answer 1

Answer:

See below

Step-by-step explanation:

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

• 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