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Tom buys a car for £13400. It depreciates by 18.5% per annum. Workout how much it will be worth after:

3 years:

4 years:

6 years:

9 years:

Verified Answer :

18.5 / 100 = 0.185, 1 - 0.185 = 

3 = 134000.815^3 = £7254
4 = 134000.815^4 = £5912
6 = 134000.815^8 = £3926.90 
9 = 125000.815^9 = £2125.80

Hope this helps.

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