A bakery purchases a commercial oven for £8 000. In the first year, the value of the oven depreciates by 20%. In the second and third years, the value of the oven depreciates by 10% per year.
Work out the value of the oven at the end of the three years.
Practise AQA GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the AQA GCSE Maths (8300) specification and written in Paper 1, Paper 2 and Paper 3 style. Every question includes a full worked solution and mark scheme, so you can see where marks are awarded rather than just whether you got the answer right.