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21 February, 12:10

At the start of 2014 Mikes car was worth £12000. the value of his car decreased 30% every year.

work out the value of the car at the start of 2017

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  1. 21 February, 16:01
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    The worth of car at the start of 2014 = $12000

    The value of the car decreased 30% every year.

    At start of 2015:

    30% of 12000 = / frac{30}{100} / times 12000

    100

    30

    *12000 = 3600

    So, the value of the car at start of 2015 = 12000-3600 = $8400.

    At start of 2016:

    30% of 8400 = / frac{30}{100} / times

    8400

    100

    30

    *8400 = 2520

    So, the value of the car at start of 2016 = 8400-2520 = $5880.

    At start of 2017:

    30% of 5880 = / frac{30}{100} / times

    5880

    100

    30

    *5880 = 1764

    the value of the car at start of 2017 = 5880-1764 = $4116.

    So, the value of his car at the start of 2017 is $4116.
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