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A car was bought for £18000. Its value depreciated by 15% each year for the first three years. What was its value at the end of the three years?​

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Answer: Its value at the end of three years is £9900

Step-by-step explanation:

18000/100=180(1%) So 180*15(% depreciated) = £2700

Every year the value of the car goes down £2700

So £2700*3=£8100

Now subtract £18000(OriginalPrice)-£8100(Price Depreciated In 3 Yrs)= £9900(ValueAfter3Yrs)

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