To find the value of the truck at the end of four years, we need to multiply the initial value of the truck by the depreciation factor.
Since the truck depreciates by 20% each year, the value of the truck at the end of each year is 100% - 20% = 80% of its previous value.
Therefore, the single number we need to multiply the initial value by is 80% or 0.8.
So, the single number as a decimal is 0.8.
A company bought a new
truck.
Each year the value of the
truck depreciates by 20%.
The value of the new truck
can be multiplied by a single
number to find its value at
the end of four years.
Find this single number as a
decimal.
1 answer