Compound depreciation
When the value of something—like a car or a piece of equipment—goes down a little more each year based on its current value, that’s called compound depreciation. It’s the flip side of compound interest, and it’s useful in real life when working out how much something will be worth after a few years of wear and tear. Jump to the questions
Practise now
Calculate the final amount after compound depreciation is applied. Since it's money, round your answer to two decimal places!