Question

Dan's car depreciates at a rate of 17% per year.
By what percentage has Dan's car depreciated after 4 years?
Give your answer to the nearest percent.

Answer 1

$\huge\fbox{\dag Answer \dag}$

Start by substituting your known values into the formula. Note that the annual interest rate is 17% since the car depreciates (becomes lower in value) each year.

Answer 2

†Answer †

Start by substituting your known values into the formula. Note that the annual interest rate is 17% since the car depreciates (becomes lower in value) each year.