Depreciation

• What does the word depreciate mean?

  Loses a percentage of every years new value
• How much will the car be worth after 3 years?

  £ 5832

  
• Work out the value of the van at the end of 3 years?

  £ 7369.50

  
• After how many years will the value of Gary's car be worth 47% of its original value when new (Suggestion - Sub in the value of the car as 100)? (Trial and error required)

  8 years

  
• Does Maria have enough money to buy the coat in week 2 of the sale?

  No , as the coat is worth 42.64