0580/21 May/Jun 2024, Question 9: Compound Interest
Cambridge IGCSE Mathematics 0580 · Paper 21 (Extended) · Calculator · 2 marks
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The question, in short
A car starts at $8000 and loses 25% of its value each year exponentially. Work out its value after 3 years.
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Solution · 2 marks
- 1Value = 8000 × (1 − 25/100)³
- 2= 8000 × 0.75³
- 3= $3375
Answer3375
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