## [Solved] Greg bought a new car for £18000In the first year the value of the car depreciates by 30%In the second year and third year the car depreciates by 14%Work out the value of the car after 3 years

To determine the value of the car after each year of depreciation, we’ll apply the percentage decrease successively for each year. Step 1: Calculate Depreciation for the First Year Depreciation in the first year = 30%30% of £18000 Value after first year = Initial value – Depreciation for the first year =£18000−(30%×£18000)=£18000−(30%×£18000) Step 2: Calculate…