SOLUTION: A new car costs $120000. After 1 year, its value decreases by 20%. For the second year its value decreases a further 10%. What is the value of the car after 2 years?

Algebra ->  Equations -> SOLUTION: A new car costs $120000. After 1 year, its value decreases by 20%. For the second year its value decreases a further 10%. What is the value of the car after 2 years?       Log On


   

Question 1009251: A new car costs $120000. After 1 year, its value decreases by 20%. For the second year its value decreases a further 10%. What is the value of the car after 2 years?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
A new car costs $120000. After 1 year, its value decreases by 20%. For the second year its value decreases a further 10%. What is the value of the car after 2 years?
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Value = 120000*0.8*0.9