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Compound Interest and Depreciation

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Question 24

Greg bought a new car. In the first year the value of the car depreciates by 30%. In the second year and the third year the car depreciates by 14%. The value of the car after three years is £9318.96

Work out the value of the car when Greg bought it.

[3]
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Compound Interest and Depreciation Questions

  1. GCSE
  2. /Maths
  3. /Compound Interest and Depreciation

161 exam-style questions on Edexcel GCSE Maths Compound Interest and Depreciation. Each one has a worked solution and a mark scheme showing where the marks go.

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