Question

the value of car depreciated by 20% every year if the present value of the car is 400000 then what will be the value of the vehicle after 2 years ​

Answer 1

Answer:

256,000

Step-by-step explanation:

In the first year the car's value will lose 20% as stated, we get

400,000 × 0.8 = 320,000

The next year, we lose 20% more value for the car getting

320,000 × 0.8 = 256,000

This is the value of this car after 2 years.

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Answer 2

Step-by-step explanation:

400000×20%= 80000

balance c/d = 400000-80000

=320000

320000×20%=64000

balance c/d = 320000-64000

=256000