Answer:
53%
Explanation:
You want to know the depreciation of car value after 5 years if it is 14% per year.
Multiplier
The multiplier of value each year is ...
1 + growth rate = 1 + (-14%) = 0.86
When the value has been multiplied by that 5 times, it has been multiplied by ...
0.86^5 ≈ 0.4704
This represents a change in value from the original value of ...
0.4704 -1 = -0.5296 = -52.96% ≈ -53%
Zara's car has depreciated by 53% after 5 years.
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