Question

Brian buys a computer for £900.

It depreciates at a rate of 2% per year.
How much will it be worth in 2 years?
Give your answer to the nearest penny where appropriate.

Answer 1

Okay, if it is nine hundred one year and it goes down by two percent, two percent of nine hundred is eighteen. So you would subtract eighteen of nine hundred, which is eight hundred eighty two, so you would then take two percent of that is seventeen and sixty four cents, so you would subtract 864.36£ (: