Posted by **rio** on Thursday, December 23, 2010 at 4:01pm.

a new car depreciated by 20% in its first year. each succeeding year it depreciated by 10% assume the car is still in good working condition after 10 years. if the car costs $25,000 calculate the value of the car after 10 years. express your answer to the nearest $10.

please help and show me your steps in working out this equation

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