Question

The Value of a car purchased for money sign 20000 decreases at a rate of 12 percent per year.wat will be the value of the car after 3 years?

Answer 1

First year, it decreases by 12% of 20,000. So, how much at the end?

Second year, it decrease by 12% of the value at the end of first year. So, how much at the end of second?

Same logic for 3rd year.

Answer 2

^ didn't help! -.-