A car depreciates in value by 15% a year. After 3 years it is worth 11 054.25.
Question:
A car depreciates in value by 15% a year. After 3 years it is worth £11 054.25.
a. What was the car’s initial price?
b. When will the car’s value first be less than £5000?
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Related Book For 
Pearson Edexcel A Level Mathematics Pure Mathematics Year 2
ISBN: 9781292183404
1st Edition
Authors: Greg Attwood, Jack Barraclough, Ian Bettison, David Goldberg, Alistair Macpherson, Joe Petran
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