Question

The value of a car decreases by 20% per year Mr sing purchases a $22,000 automobile what is the value of that car at the end of the second year?

Answer 1

8,900. 20% of 22,000 is 2,400 so multiple that by two and you get 8,900 then y’all subtract 8,900 by the 22,000 and get 13,100