A musical instrument depreciates by 20% of its value each year. What is the value, after 2 years, of a piano purchased new for $1200?

Question

Tianbot123 · Answer

The answer is: 768 As: 1200/5=20%=240 1200-240=960 (after 1 year) 960/5=20%=192 960-192=768 (after 2 years)

colorswitch0 · Answer

$768 is the value of the piano after 2 years. ;

colorswitch0 · Answer

After 2 years of depreciation at 20% per year, the value of the piano drops from $1200 to $768. This is calculated by subtracting the depreciation amounts for each year from the previous year's value. Therefore, the final value after 2 years is $768. 
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A musical instrument depreciates by 20% of its value each year. What is the value, after 2 years, of a piano purchased new for $1200?

Answer (3)

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