Question

Dan buys a car for £2700. It depreciates at a rate of 1.4% per year. How much will it be worth in 5 years? Give your answer to the nearest penny where appropriate.

Answer 1

Answer:

2516.22

Step-by-step explanation:

100% - 1.4% = 98.6

98.6 ÷ 100= 0.986

2700×0.986∧5

=2516.21842916

=2516.22

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