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Colin buys a car for £16300. It depreciates at a rate of 3% per year. How much will it be worth in 4 years? Give your answer to the nearest penny where appropriate. £

Sagot :

LBeadle1127

Answer:

The car will be worth £14,430.27 in 4 years.

Step-by-step explanation:

Average annual value lost: £1,186.37

First year depreciation: £489.00

Total depreciation: £1,869.73

Total depreciation percentage: 11.47%

Value of vehicle at end of ownership period: £14,430.27

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