posted by Piper on .
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?
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.