An art collector bought a rare painting for £240 000.
In the first year the value of the painting increased by 5% In the second year the value depreciated by 4% In the third year the value increased by 6%
Work out the value of the painting at the end of 3 years.
Practise Edexcel GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the Edexcel GCSE Maths (1MA1) 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.