Question

Wisal buys a car for £19000.
The value of the car depreciates by 5% each year.
Work out the value of the car after 4 years.​

Answer 1

Answer:

$15475.62$

Step-by-step explanation:

$19000 \times (1-\frac{5}{100}) ^4$

$19000 \times (\frac{19}{20}) ^4$

$\frac{2476099}{160}$

$=15475.61875$