SOLUTION: If you bought a car at $1900 which depreciates at 20% per year...how much will it be worth after 4 years

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Question 768758: If you bought a car at $1900 which depreciates at 20% per year...how much will it be worth after 4 years
Answer by Edwin McCravy(20060) About Me  (Show Source):
You can put this solution on YOUR website!
Since it depreciates 20% a year, it is worth only 80% of what it 
was worth the year before.  So multiply it by 80% or .80 four times.

$1900 × .80 × .80 × .80 × .80 = $778.24

Edwin