Question

Faizan buys a car for £2000.Its value depreciates by 2% each year. How much is it worth after 1 year?

Answer 1

£1960

Explanation:

Step 1.

2% = 100% ÷ 50

Step 2.

£2000 ÷ 50 = £40

Step 3.

£2000 - £40 = £1960