Exam-Style Question on Percentages

A mathematics exam-style question with a worked solution that can be revealed gradually

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Question id: 221. This question is similar to one that appeared on a GCSE Higher paper (specimen) for 2017. The use of a calculator is allowed.

The value of a boat is £220 000.

Each year the value decreases by 12% of the value at the beginning of that year.

Work out the value of the boat after four years have passed.

Give your answer to the nearest pound.

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If you need more practice try the self-checking interactive exercises called Percentage Change.

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