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Compound Interest and Depreciation

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Question 21

A bakery purchases a commercial oven for £8 000. In the first year, the value of the oven depreciates by 20%. In the second and third years, the value of the oven depreciates by 10% per year.

Work out the value of the oven at the end of the three years.

[3]

Compound Interest and Depreciation Questions

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