The value of a second-hand car is £8000 Each year it loses 20% of it value at the start of this year. work out its value in 5 years time.

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£2,621.44

Step-by-step explanation:

Original cost of car = £8000

If it looses 20% of its value yearly

Value at the end of first year

80% * 8000

= 0.8 * 8000

= 6400

Value at the end of second year

80% * 6400

= 0.8 * 6400

= 5120

Value at the end of third year

80% * 5120

= 0.8 * 5120

= 4096

Value at the end of fourth year

80% * 4096

= 0.8 * 4096

= 3,276.8

Value at the end of fifth year

80% * 3,276.8

= 0.8 * 3,276.8

= 2,621.44

Hence the value in 5 years time will be £2,621.44

step-by-step explanation:

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