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A car decreases in value 10% a year . If it was brought for £5000 , how much will it be worth after 2 years ?

A car decreases in value 10% a year . If it was brought for £5000 , how much will it be worth after 2 years ?
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A car decreases in value 10% a year . If it was brought for £5000 , how much will it be worth after 2 years ?

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User Garrett Motzner
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8.3k points

1 Answer

6 votes

5000 x (1-0.10)^2

5000 x 0.90^2

5000 * 0.81

it is valued at 4,050 after 2 years

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User Phoenixwizard
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