Question

ben bought a car for £12,000

each year the value of the car depreciated by 10%

what is the value of the car 2 years after he bought it?

Answer 1

£12,000 *(1-r)^2
=£12,000 *(1-0.10)^2
=?

Answer 2

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Otherwise try pencil and paper or a calculator.

...
=£12,000 *(1-0.10)^2
=$12,000 *0.90^2
=?