Mathematics · Percentage
Thomas installed a new stove in his restaurant. At the time of installation, the stove had a value of $800. Thomas estimates that each year the value of the stove will depreciate by 20% of the previous year's estimated value. What is the estimated value of the stove exactly 2 years after Thomas installed it?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$640
- 2$556
- 3$512✓
- 4$480
Correct answer
$512
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