. 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:
The value of the car at the end of 2011 is $86400.
Step-by-step explanation:
Car bought in 2009 = $120,000.
20% decreased = (100-20)% = 80%=0.80
In 2010 the value of the car is = $120,000 (0.80) = $96000
10% decreased = (100-10)% = 90% = 0.90
In 2011 the value of the car is = 96000(0.90)=$86400.
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