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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 -

    £12,000 *(1-r)^2
    =£12,000 *(1-0.10)^2
    =?

  • maths -

    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
    =?

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