Answer:
the value in the five years is £2,621.44
Step-by-step explanation:
The computation of the value in the five years is given below:
= The value of the second car × (1 - losses percentage)^number of years
= £8,000 × (1 - 0.20)^5
= £8,000 × 0.80^5
= £8,000 × 0.32768
= £2,621.44
Hence, the value in the five years is £2,621.44
We simply applied the above formula so that the correct value could come
And, the same is to be considered
