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24 December, 11:22

At the start of 2014 Mike's car was worth £12000.

The value of the car decreased by 30% every year.

Work out the value of his car at the start of 2017.

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  1. 24 December, 13:50
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    We have to calculate the value of the car after 3 years at the start of 2017.

    = 1200 (1-0.30) ^{3}

    = 12000 * 0.343

    = $4,116
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