Foundation January 2020 Paper 2R Q22
22 Hamish buys a new car for $20 000
The car depreciates in value by 19% each year.
Work out the value of the car at the end of 3 years.
Give your answer to the nearest $.
(3)
| Scheme | Marks |
|---|---|
| \(20\,000 \times 0.81^3\) | M2 |
| 10 629 | A1 |
| (3) | |
| (3 marks) |
Notes
A1: Accept 10 628 – 10 629 (corrected from the printed mark scheme: “10 628 → 10.629”)
M1 for 20 000 × 0.81 (= 16 200) or 20 000 × 1.19 (= 23 800) or \(20\,000 \times 1.19^3\) (= 33 703.18)