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5 January, 03:45

A car decreases in value 10% a year. If it was brought for £5000, how much will it be worth after 2 years?

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  1. 5 January, 04:14
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    5000 x (1-0.10) ^2

    5000 x 0.90^2

    5000 * 0.81

    it is valued at 4,050 after 2 years
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