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A coffee machine was bought for £2,000, it depreciates in value by 8% each year. How much is it worth after 3 years?

A coffee machine was bought for £2,000, it depreciates in value by 8% each year. How much is it worth after 3 years?
asked 193k views
22 votes
A coffee machine was bought for £2,000, it depreciates in value by 8% each year. How much is it worth after 3 years?

asked
User Greesh Kumar
by
8.2k points

1 Answer

7 votes
2000 x 0.92^3 = £1557.38 after 3 years
answered
User Awa Melvine
by
8.2k points
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