Answer:
£6665.38
Step-by-step explanation:
Depreciation Value:
We can find the depreciated value of the car after 3 years using the formula,
[tex]\boxed{\bf Depreciation \ value = Original \ value*(1 - r \%)^n}[/tex]
r = rate of depreciation = 23 %
[tex]\sf r = \dfrac{23}{100} = 0.23[/tex]
n = number of years = 3
Depreciation value = 14600 * (1 - 0.23)³
= 14600 *(0.77)³
= 6665.3818
= £6665.38
