Question

The value of a yacht was £230 000.

The yacht depreciated by 12% each year.
Work out it’s value after 3 years, to the nearest £100.

Answer 1

88/100 x 230000=202400

88/100 x 202400=178112

88/100 x 178112=156,738.56

Ans) Pounds 156,700

Explanation:

Answer 2

£156,210 would be the answer