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Colin buys a car for £42800.
It depreciates at a rate of 5% per year.
How much will it be worth in 2 years?
Give your answer to the nearest penny where appropriate.

Respuesta :

oyelekeoluwasayo

Answer:

£38,6267

Step-by-step explanation:

First year depreciation will be:

42800 * 0.(100-5) = £40,660

Second year worth after depreciation:

40660 * 0.(100-5) = £38,627

I hope I answered your question well.

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