Higher June 2019 Paper 1 Q8
8 On 1st January 2016 Li bought a boat for $170 000
The value of the boat depreciates by 8% per year.
Work out the value of the boat on 1st January 2019
Give your answer correct to the nearest dollar.
(3)
| Scheme | Marks |
|---|---|
| 0.08 × 170 000 (=13600) or 0.92 × 170 000 (=156400) | M1 |
| e.g. 0.92 × (0.92 × “156400”) | M1 |
| 132377 | A1 |
| (3) | |
| (3 marks) |
Notes
M1: oe eg 170 000 ÷ 12.5
M2 for \(170\,000 \times 0.92^3\)
M1: (dep) for a complete method
A1: or 132376.96
(SCB2 for \(170\,000 \times 0.92^4\) (=121786.(810)))
(SCB1 for 170 000 × 0.24 (=40 800) or
170 000 × 0.76 (=129 200) or
170 000 × 1.08 (= 183 600) or
\(170\,000 \times 1.08^3\) (= 214151) or an answer of 129 200 or an answer of 214 151 – 214151.1(0))