Question

Henry buys a yacht for 150 000 euros, the yacht depreciates in value by 18% each year. Work out the value of the yacht at the end of 3 years.

Answer 1

Step-by-step explanation:

Henry buys a yacht = 150 000 euros

Depreciates in value = 18 %

After 3 years ago = 18 +18+18

=54

Now , solving the equation

= 54% × 150 000

Ans = 81 000 euros