Foundation June 2019 Paper 2R Q25
25 Henri buys a yacht for 150 000 euros.
The yacht depreciates in value by 18% each year.
Work out the value of the yacht at the end of 3 years.
Give your answer correct to the nearest euro.
(3)
| Scheme | Marks |
|---|---|
| \(150000 \times 0.82^3\) | M2 |
| 82705 | A1 |
| (3) | |
| (3 marks) |
Notes
M2: If not M2 then M1 for 1st year
e.g 150000 × 0.82 {= 123000}
or 150000 × 0.18 {= 27000}
SC B1 for
150000 × 1.18 {= 177000} or
\(150000 \times 1.18^3\) {= 246454.8} or
150000 × 0.54 {= 81000} or
150000 × 0.46 {= 69000}
A1: Accept 82705.2