Problem 12 of 34fun-012
A tractor is bought for $25,000. Each year it loses 20% of the value it had at the start of that year. What is the value of the tractor after 3 years?
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Solution walkthrough1:32
- Losing means keeping . So each year the value is multiplied by .
- Year 1: .
- Year 2: . Year 3: .
- In one line: dollars.
- Traps: $10,000 takes off $5,000 every year. $16,000 stops after 2 years. $200 multiplies by .