Question

1. A car is worth $50,000 brand new and it will lose 10% of its value each year. At this rate how much
will the car be worth after 10 years?

Answer 1

50000 - 5000 ten times and then youll end up with 0
The car wouldnt be worth anything

Answer 2

£17,433.92

it’s 0.9 because 10% is 0.1 so 1-0.1