Question

the price of a car depreciates by 20% every year by what percent will the price of the Car after 3 years

Answer 1

assume car price=100

depreciated by 20% every 3 year so 100-20=80

after depreciated car price=100×(80/100)×(80/100)×(80/100)=51.2

in percentage =(100-51.2)/100×100
=48.8
car price fall 48.8%

Answer 2

answer is 48.8 %
let price be 100
20%of 100 be 20 100-20
80
20%of 80=16 80-16 64
20%of 64is 12.8 64-12.6=48.8
total deprive in precentage is of 51.2