Compound Interest and Depreciation


    Compound Interest and Depreciation

    Question
    2% for 5 years

    Answer £8832.65



    Question
    4% for 3 years

    Answer £8998.91



    Question
    4.5% for 2 years

    Answer £8736.20



    Question
    3.5% for 2 years

    Answer £8569.80



    The value of a car when it is purchased is £14000. The car depreciates in value each year by the given percentage. Find the value of the car after the given number of years.

    Question
    15% for 3 years

    Answer £8597.75



    Question
    30% for 3 years

    Answer £4802.00



    Question
    8% for 5 years

    Answer £9227.14



    Question
    11% for 3 years

    Answer £9869.57



8th October 2019

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