A car was bought in 2009 for $120 000. In 2010,
its value decreased by 20%. In 2011, its value
decreased by 10% of its value in 2010. Find the
value of the car at the end of 2011.
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Answer:
value of car in 2010 = 96000$
value of car in 2011 = 86400$
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see, the initial value of car is 120000
its value decreases by 20% in 2010 so, the decrease amount is 120000÷100 × 20 = 24000. The decreased amount is 120000-24000= 96000
now, the amount is decreased by10% in 2011, so the decrease amount is= 96000÷100×10=9600, so the decreased amount is= 96000-9600=86400
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