Compound Interest and Depreciation

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Question 25

55%

Liam bought a new motorcycle for £15 000. In the first year, the value of the motorcycle depreciates by 22%. In the second year and the third year, the motorcycle depreciates by 18% each year.

Work out the value of the motorcycle after three years.

[3]

Compound Interest and Depreciation

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Question 25

55%

Liam bought a new motorcycle for £15 000. In the first year, the value of the motorcycle depreciates by 22%. In the second year and the third year, the motorcycle depreciates by 18% each year.

Work out the value of the motorcycle after three years.

[3]

Compound Interest and Depreciation

Question 25

Compound Interest and Depreciation Questions

Compound Interest and Depreciation

Question 25

Compound Interest and Depreciation Questions