Question
The value of a car decreases by 20 percent per year mr sing purchases a 22000 automobile what is the value of the car at the end of the second year
Answers
GPT 3.5
To calculate the value of the car at the end of the second year, we need to find 80% of 80% of the original value.
After the first year, the car is worth 80% of $22,000: 0.8 * $22,000 = $17,600.
After the second year, the car is worth 80% of $17,600: 0.8 * $17,600 = $14,080.
Therefore, the value of the car at the end of the second year is $14,080.
After the first year, the car is worth 80% of $22,000: 0.8 * $22,000 = $17,600.
After the second year, the car is worth 80% of $17,600: 0.8 * $17,600 = $14,080.
Therefore, the value of the car at the end of the second year is $14,080.