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# The value of the car was £15 000. In the first year, the value of the car depreciated by 23%. After the first year, the value of the car depreciated by 18% each year. Work out if Paul's car lost more

The value of the car was £15 000. In the first year, the value of the car depreciated by 23%. After the first year, the value of the car depreciated by 18% each year. Work out if Paul's car lost more than half of its value by the end of three years