Question

A car was bought for $20 000 in January 2017. If the car depreciates by 10% every year, what was it worth in January 2020?

A) $2 000
B) $1 800
C) $18 000
D) $14 580

Answer 1

The answer is D) $14,580

Explanation:

If its losing 10% each year that means the first drop would be to $18000, then the next to 16200, then the last is 14580.

Answer 2

D

Explanation:

20,000-10%-10%-10%

is

20000-2000-1800-180

which is 20000-5980

which is 14580

which is D

Hope this helps ;D