The value of a car reduces by 30% every 6 months. A car costs $15,000 when new. What is the value of the car after 2 years?

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03-05-2021
Mathematics

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The value of a car reduces by 30% every 6 months. A car costs $15,000 when new. What is the value of the car after 2 years?

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isabellaokeeffee isabellaokeeffee · Answer 1 · 2021-05-03T17:15:51+02:00

isabellaokeeffee isabellaokeeffee

03-05-2021

6 months goes into 2 years 4 times
30 x 4 = 120
120% of 15,000 is
100% is 1,500
10% is 150
150 x 2 = 300 (20%)
1,500+300=1,800
15,000+1,800=16,800
hope this helped

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