Sarah bought a motorboat for £25 000. In the first year, the value of the motorboat depreciates by 25%. In the second year and the third year, the motorboat depreciates by 12% each year.
Work out the value of the motorboat after three years.
163 exam-style questions on Eduqas GCSE Maths Compound Interest and Depreciation. Each one has a worked solution and a mark scheme showing where the marks go.