Question

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Ahmed paid $34 000 for a car. His car decreased in value by 40% at the end of the first year. The value at the end of the second year was 10% less than the value at the end of the first year. . Calculate the value of Ahmed's car after 2 years .​

Answer 1

First step:

40% of 34 000

40/100 * 34 000 = 13 600

subtract : 34000 - 13 600 = 20 400

Second step:

10% of 20 400

10/100 * 20 400 = 2040

subtract : 20 400 - 2040 = $ 18 360

Final Answer = $ 18 360