Higher June 2019 Paper 2R Q10
10 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