Posted by **holly** on Sunday, June 5, 2011 at 5:14pm.

ben bought a car for £12,000

each year the value of the car depreciated by 10%

what is the value of the car 2 years after he bought it?

- maths -
**MathMate**, Sunday, June 5, 2011 at 5:16pm
£12,000 *(1-r)^2

=£12,000 *(1-0.10)^2

=?

- maths -
**katie**, Sunday, June 5, 2011 at 5:25pm
what is the answer

- maths -
**MathMate**, Sunday, June 5, 2011 at 5:39pm
If you have an answer that you'd like to double-check, feel free to post it for checking.

Otherwise try pencil and paper or a calculator.

...

=£12,000 *(1-0.10)^2

=$12,000 *0.90^2

=?

## Answer This Question

## Related Questions

- Algebra1 - 3. Jackson bought a car for $11,000.00. After 2 years, the value of ...
- Math - In 2004, your family bought a new car for $15,000. Each year the value of...
- math - a new car depreciated by 20% in its first year. each succeeding year it ...
- math - Sam bought a new car for $26,500. The car depreciates approximately 13% ...
- math - a car depreciates in by avalue of $1000 per year. The original value of ...
- more logarithms help! - the depreciated value, V, of a car can be calculated ...
- Math - Jake bought a car for $15,000. Each year the value goes down by 30% of ...
- algebra - ben bought a car for $20,000 in 2003. The car depreciates at a ...
- Algebra - Three years after purchase, a car is estimated to be worth $24,000. At...
- math - The value of a new car decreases exponentially.Suppose your mother buys a...

More Related Questions