Victor bought a brand new car for P750,000. If the value of the car depreciates 20%per year, what will it be worth during the fourth year?
Math - Steve, Wednesday, June 18, 2014 at 11:43pm
750000 * 0.8^3 at the start of the 4th year.
750000 * 0.8^4 at the end of the 4th year
you will have to decide when "during" the year you want its value.