The value of a car decreases by 20 percent per year. mr. sing purchases a $22,000 automobile. what is the value of the car at the end of the second year? $14,080 $17,600 $19,800 $26,400

$14,080

Step-by-step explanation:

At end of first year:

$22,000 will decrease by 20%. It means to subtract 20% of 22,000 from 22,000.

20% of 22,000 is  

Now,

At end of second year:

$17,600 will decrease by 20%. It means to subtract 20% of 17,600 from 17,600.

20% of 17,600 is  

Now,  

Hence, $14,080 is the value of the car at the end of 2 years. First answer choice is right.