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. Find the value of the car at the end of 2020.
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The value of the car at the end of 2020 is $86400
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In 2018, car bought at $1,20,000
In 2019, it's rate decrease by 10% = 120000 x 80/100 = 96000
In 2020 rate = 96000 x 90/100 = 86400
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