Question

The original value of the car is $15000!Qnd it depreciates by 20% each year. What is the value of the car after three years

Answer 1

15,000 • 0.2 = 12,000 - first year
12,000 • 0.2 = 9,600 - second year
9,600 • 0.2 = 7,680 - third year

After three years, the car is worth $7,680.