Sam purchased a classic sports car for £80 000.
In the first year the car's value increased by 12% In the second year the car's value increased by 8% In the third year the car's value depreciated by 15%
Work out the value of the car 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.