Question 1
2 marksThe value, £\(V\), of a car \(t\) years after it was bought is given by
\[V = 20\,000 \times 0.8^t\]
Work out the value of the car 2 years after it was bought.
Model answer
\(V = 20\,000 \times 0.8^2 = 20\,000 \times 0.64 = 12\,800\)
The car is worth £12 800.
Explanation
The multiplier 0.8 means the car loses 20% of its value each year. After 2 years multiply by 0.8 twice, which is \(0.8^2 = 0.64\). A common error is to subtract 20% of the original value twice, giving £12 000.
Mark scheme
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1 mark
M1 for \(20\,000 \times 0.8^2\) or \(20\,000 \times 0.64\)
or 20 000 × 0.8 = 16 000 then × 0.8; correct answer with no working scores full marks
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1 mark
A1 for £12 800
cao