Question

A car costs $25,750.00 and depletes in value by 20% per year. How much would the car be worth after 5 years?
A) $5,150
B) $8,437.76
C) $8,240
D) $20,600

Answer 1

Answer : B

First year : 25750 x 80% = 20600
Second year : 20600 x 80% = 16480
Third year : 16480 x 80% = 13184
Fourth year : 13184 x 80% = 10547.2
Fifth year : 10547.2 x 80% = 8437.76

Answer 2

The answer is c $8,240 to the question