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Sarah buys a car for £44,000.
It depreciates at a rate of 4% per year.
How many years will it take to be worth less than £40,000?

Respuesta :

Answer:

2.3 years or 2 and a half years

Step-by-step explanation:

bc 4% of 44000 is 1760 and we multiply that by 2.5 and get 4400 and minus that by 44000 and get 39600

The number of years it would take for the car to be worth less than £40,000 is 2.38 years.

When would the car be worth less than £40,000?

Deprecation is when the value of an asset declines with the passage of time as a result of wear and tear.

Number of years =  (In fv /pv) / r

  • FV = future value
  • PV = present value
  • r = rate of depreciation

(In 40,000 / 44,000) / 0.04 = 2.38 years

To learn more about the number of years, please check: https://brainly.com/question/21841217

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