Amir buys a new car for £16470. The value of the car will depreciate by 2% each year. Work out how much amir's car will cost aft
1 answer:
Answer:
Amir's car will cost £10348.88 after 23 years.
Step-by-step explanation:
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This is compound interest so you have to find a decimal multiplier and multiply that with £16470 to the power of 23.
The decimal multiplier would be 0.98. This is because you do 100% - 2% as depreciating basically means a decrease, which gives you 98% and then you divide that by 100 to get your decimal multiplier - 0.98.
16470 × = £10348.88
I hope that helps you!! ^-^
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