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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 -

    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.

  • Math -

    307 200

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