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11 March, 22:47

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.

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  1. 11 March, 22:51
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    After the first year it is going to be 14,400

    after the second year it will be 12,240
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