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Alexandra buys a new car for £16095. The value of this car will depreciate by 2.25% each year. Work out how much Alexandra's car will be worth in 18 years.

Alexandra buys a new car for £16095. The value of this car will depreciate by 2.25% each year. Work out how much Alexandra's car will be worth in 18 years.
asked 158k views
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Alexandra buys a new car for £16095. The value of this car will depreciate by 2.25% each year. Work out how much Alexandra's car will be worth in 18 years.

asked
User Filippo De Luca
by
8.6k points

1 Answer

3 votes

Answer:

Step-by-step explanation: 16095(1-0.025)^18=10204

answered
User Anna Nevison
by
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