Answer:
£4860
Step-by-step explanation:
- To calculate the value of the van after 2 years, we need to subtract 10% of its value each year for 2 years.
- In the first year, the van loses 10% of its value, which is 10% of £6000.
[tex]\sf 10\%\: of \:6000\: =\:6000 * 0.10 = 600[/tex]
- So, after the first year, the value of the van becomes
£6000 - £600 = £5400
- In the second year, the van loses another 10% of its value, which is 10% of £5400.
[tex]\sf10\% \:of\: 5400 \:= 5400 * 0.10 = 540[/tex]
- So, after the second year, the value of the van becomes
£5400 - £540 = £4860
Therefore, the value of the van after 2 years would be £4860.
