$1,126.27
1) Gathering the data
1990
$20,000
Value decreases 25% yearly since then each year the car price worths 0.75% of the prior year.
2) Let's subtract 2000-1990 = 10 years. So the value of that brand new car 10 years later will be given by this exponential formula
3) So the car worths $1,126.27 10 years later.