16Hit1600
Advanced MathEasy–MediumValue of a car after two years of loss

Advanced Math practice question

A car bought for 20,000 dollars loses 20 percent of its value each year. What is its value, in dollars, after 2 years?

Answer: 12800

20,000 × 0.8 × 0.8 = 12,800.

Common wrong answers

If you answered 8000
8,000 removes 20 percent twice from the original as 40 percent, then again.
If you answered 12000
12,000 subtracts 20 percent of the original price twice.
If you answered 16000
16,000 applies one year's loss.

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