An industrial dishwasher was purchased for £2400 and depreciated by 15% each year.

MATHEMATICS · Multi-part · CBSE · Mathematics · Fractions in Disguise · Fractions in Disguise

Problem

An industrial dishwasher was purchased for £2400 and depreciated by 15% each year. (1) a** Find its value after six years. (2) b By how much did it depreciate?

Related theory

Financial Arithmetic
Compound Interest
Ratio and Proportion
Growth and depreciation
Compound interest, growth and depreciation

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