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Laura buys a new car for £14600. the annual rate of depreciation is 23%. how much is the car worth after 3 years?

Respuesta :

anbu40

Answer:

£6665.38

Step-by-step explanation:

Depreciation Value:

We can find the depreciated value of the car after 3 years using the formula,

     [tex]\boxed{\bf Depreciation \ value = Original \ value*(1 - r \%)^n}[/tex]

r = rate of depreciation = 23 %

                                   [tex]\sf r = \dfrac{23}{100} = 0.23[/tex]

n = number of years = 3

Depreciation value = 14600 * (1 - 0.23)³

                                = 14600 *(0.77)³

                                = 6665.3818

                                = £6665.38

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