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The Value of a car purchased for money sign 20000 decreases at a rate of 12 percent per year.wat will be the value of the car after 3 years?

Mathematics
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First year, it decreases by 12% of 20,000. So, how much at the end? Second year, it decrease by 12% of the value at the end of first year. So, how much at the end of second? Same logic for 3rd year.
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