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A company bought a van that had a value of £12 000 Each year the value of the van depreciates by 25%. Work out the value of the van at the end of three years.

A company bought a van that had a value of £12 000 Each year the value of the van depreciates by 25%. Work out the value of the van at the end of three years.
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1 vote
A company bought a van that had a value of £12 000

Each year the value of the van depreciates by 25%.
Work out the value of the van at the end of three years.

asked
User Heard
by
8.2k points

2 Answers

6 votes

Answer:

The value of the car at the end of 3 years will be £5,062.50.

answered
User Vladimir Sitnikov
by
8.3k points
2 votes
12000(1-25/100)^3
=£5062.50
answered
User Rhurwitz
by
7.9k points
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