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Compound Interest and Depreciation

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Question 5
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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.

[3]

Compound Interest and Depreciation Questions

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

Practise Oxford AQA IGCSE Maths Compound Interest and Depreciation with exam-style questions for Core and Extended tier. 11 questions, matched to the Oxford AQA IGCSE Maths (9260) specification and written in Paper 1 and Paper 2 (Core: 1C and 2C; Extension: 1E and 2E) 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