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