Question

A car is purchased for $ 36,000 . Each year it loses 20 % of its value. After how many years will the car be worth $ 14,900 or less?

Answer 1

after 3 years it will be 14,900 dollars or less

Answer 2

In many years the car will worth less because $36,000 divided by 20% = 1.8 I hope this is right and, if it is not then oh well.