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Compound Interest and Depreciation

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Question 5
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A farmer bought a new tractor. Each year the tractor depreciates in value by 15%.

Work out the number of years it takes for the tractor to half in value.

[3]

Compound Interest and Depreciation Questions

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

Practise OCR GCSE Maths Compound Interest and Depreciation with exam-style questions for Foundation and Higher tier. 44 questions, matched to the OCR GCSE Maths (J560) specification and written in the written papers 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.

Question bank