The original value of a car is $15,000 and it depreciates (loses value) by 20% each year. What is the value of the car after three years?

asked Apr 17, 2018 164k views

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2 votes

$15,000 * 0.8 = $12,000
$12,000 * 0.8 = $9,600
$9,600 * .08 = $7,680

Mischa Kroon answered Apr 22, 2018

8.2k points

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