Mathematics 0580 · IGCSE · Exponential growth and decay

Exponential growth and decay — practice question

A car is worth $8000$. After each year, its value falls exponentially by 25%.
(main)[2]

Work out the value of this car after 3 years.

Worked solution & mark scheme

This 2-mark question has a full step-by-step worked solution and mark scheme. One marking point: “$8000\times\left(1-\frac{25}{100}\right)^3$” …

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