A new car typically loses 20% of its initial value during the first year. During the second year, the car loses 15% of its value after the first year. Find the value of the car($18,000) after the first year and after the second year.
I did this back here
http://www.jiskha.com/display.cgi?id=1458255127
all you had to do is multiply my .68 by 18,000
12240 what do you do next
To find the value of the car after the first year, we need to subtract 20% of its initial value ($18,000) from the initial value itself.
Step 1: Calculate the amount deducted after the first year.
20% of $18,000 = 0.20 x $18,000 = $3,600
Step 2: Subtract the amount deducted from the initial value to get the value after the first year.
$18,000 - $3,600 = $14,400
Therefore, the value of the car after the first year is $14,400.
To find the value of the car after the second year, we need to subtract 15% of the value after the first year ($14,400) from the value after the first year.
Step 1: Calculate the amount deducted after the second year.
15% of $14,400 = 0.15 x $14,400 = $2,160
Step 2: Subtract the amount deducted from the value after the first year to get the value after the second year.
$14,400 - $2,160 = $12,240
Therefore, the value of the car after the second year is $12,240.