Question

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

Answer:

$18360

Step-by-step explanation:

Since, the value decreased by 40%, the price is (100-40)% of 34000

= 60% of 34000

= 60/100 * 34000

= 60 * 340

= 20400 --- (Price after first year)

Since, the value decreased by 10%, the price (100-10)% of 20400

= 90% of 20400

= 90/100 * 20400

= 90 * 204

= $18360

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Answer 2

Answer:

24 480$

Step-by-step explanation:

payment: 34 000$

at the end of first year: 34 000 * 80/100 = 27 200$

at the end of second year: 27 200 * 90/100 = 24 480$