Question

Please please please help!! I need this URGENT

Dan buys a car for £2700.
It depreciates at a rate of 1.4% per year.
How much will it be worth in 5 years?
Give your answer to the nearest penny where appropriate.

Answer 1

So it depreciates at a rate of 1.4% so 25% a year and you do £2700 multiply by 25 each year £2700 multiply by 25 x 5 = £540 in 5 years

Explanation:

Answer 2

£

2516.22

Explanation:

£

2516.22