Sophie has had her current mobile phone for 3 years and is thinking about upgrading it to a newer model.
The phone originally cost £679.00.
The value of the phone has decreased at a rate of 4% each year.
Work out the value of the mobile phone at the end of 3 years.
Answer:
We can multiply 679 by the percentage multiplier 3 times for each year.
679 x 0.963 = £600.74