AI-Verified Solution
657 views
A car’s value drops 20% per year. What’s its value after 2 years if bought for $10,000?
Answer
$6,400
Explanation
(10000×0.8^2=$6400).
Want a deeper explanation? Ask our AI 👇
Similar Problems Explained
Short, helpful videos that explain similar problems
Skills You Achive
Depreciation
compounding
Related Questions
- A man looks at a portrait and says, “I have no brothers or sisters, but that man’s father is my father’s son.” Who is in the portrait? | Edusolver
- What’s the difference between nominal and real GDP? | Edusolver
- How many times do a clock’s hands overlap in 12 hours? | Edusolver
- If 3 cats catch 3 mice in 3 minutes, how long for 100 cats to catch 100 mice? | Edusolver
- When does 11 + 3 = 2? | Edusolver
- If total cost = fixed cost + variable cost, what happens to average cost when output rises (fixed cost constant)? | Edusolver
- What’s the break-even point? | Edusolver
- What is 25% of 80? | Edusolver
Comments (0)
Please to leave a comment.