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Dan buys a car for £700. It depreciates at a rate of 5.5% per year. How much will it be worth in 6 years? Give your answer to the nearest penny where appropriate

Dan buys a car for £700. It depreciates at a rate of 5.5% per year. How much will it be worth in 6 years? Give your answer to the nearest penny where appropriate
asked 22.7k views
12 votes
Dan buys a car for £700.

It depreciates at a rate of 5.5% per year.
How much will it be worth in 6 years?
Give your answer to the nearest penny where appropriate

asked
User Santiago Vanegas
by
7.9k points

1 Answer

11 votes
£733 because that’s is only yearly,so it won’t go up much with that rate
answered
User Buddah
by
8.2k points
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