Question

A car costs $25,750.00 and depreciates in value by 20% per year. How much will the car be worth
after 5 years?
$5,150.00
$8,437.76
$8,240.00
$20,600.00

Answer 1

After one year: 25750 * (1 - 0.20) = 25750 * 0.80 = 20600
After two years: 25750 * 0.80^2 = 16480
After three years: You tell me.

Answer 2

C, right?

Answer 3

I don't know. I'm waiting for you to show your work and prove it to me.

Answer 4

I suspect, since we lose about a decimal place for each multiplication, that it is unlikely to end in "0.00".