The value of a car decreases by 5% each year.
Sophie bought a car two years ago for £10000
Work out the value now

Question

08-02-2021
Mathematics

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The value of a car decreases by 5% each year.
Sophie bought a car two years ago for £10000
Work out the value now

Sagot :

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saramunir300 saramunir300 · Answer 1 · 2021-02-08T07:39:12-05:00

saramunir300 saramunir300

08-02-2021

10,000*0.95^2
=9025

0.95 is a multiplyer since 100%-5%=95% then divided by 100 giving you 0.95

You always power by the amount of years

So the format is always
Amount*multiplyer^years

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