Question

A car was bought in 2018 for $120 000. In
2019, its value decreased by 20%. In 2020, its
value decreased by 10% of its value in 2019.
What is the value of the car at the end of 2020?

Answer 1

Answer:

$ 86 400.

Step-by-step explanation:

20 % reduction leaves 80 % value = .80

 then 10 % reduction leaves 90% value = .90

(120 000  *   .80 )   *   .90   =  $ 86 400.