Question

The value of a motorcycle decreases at a steady rate of 20% each year. What is the total percentage loss (to the nearest integer) in the value of the motorcycle at the end of 3 years?

Answer 1

The total percentage loss would be 67%.

Explanation:

Since we have given that

Rate of decline each year = 20%

Number of years = 5

We need to find the total percentage loss in value of the house at the end of 5 years.

So, Total percentage loss would be