Asked by Piper

Victor bought a brand new car for P750,000. If the value of the car depreciates 20%per year, what will it be worth during the fourth year?
Answered by Steve
750000 * 0.8^3 at the start of the 4th year.
750000 * 0.8^4 at the end of the 4th year

you will have to decide when "during" the year you want its value.
Answered by Belle
307 200
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