Nick bought a new car. Each year the car depreciates in value by 12%.
Work out the number of years it takes for the car to half in value.
Practise CIE IGCSE Maths Compound Interest and Depreciation with exam-style questions for Core and Extended tier. 11 questions, matched to the CIE IGCSE Maths (0580) specification and written in Paper 1 and Paper 3 (Core) or Paper 2 and Paper 4 (Extended) 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.