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28 Jess bought a new car for £12 000.
In the first year the value of the car depreciates by 20%.
In the second year and the third year the car depreciates by 15%
Work out the value of the car after three years.

28 Jess Bought A New Car For 12 000 In The First Year The Value Of The Car Depreciates By 20 In The Second Year And The Third Year The Car Depreciates By 15 Wor class=

Sagot :

MrRoyalidn

The value of the car after three years is £6936

How to determine the value of the car?

The initial value of the car is given as:

Value =  £12000

When the value depreciates by 20% after the first year, the new value of the car is:

New =  £12000 * (1 - 20%)

Evaluate

New =  £9600

When the value depreciates by 15% after the second year, the new value of the car is:

New =  £9600* (1 - 15%)

Evaluate

New =  £8160

When the value depreciates by 15% after the third year, the new value of the car is:

New =  £8160 * (1 - 15%)

Evaluate

New =  £6936

Hence, the value of the car after three years is £6936

Read more about depreciation at:

https://brainly.com/question/25297296

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