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Compound Interest and Depreciation

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Question 25

Nick bought a new car. Each year the car depreciates in value by the same percentage.

After 3 years, the value of the car is 51.2% of its original value.

Work out the percentage by which the car depreciates in value each year.

[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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