The value of a second-hand car is £8000. Each year it loses 20% of its value at the start of this year. work out its value in 5 years time pls answer, I will also mark the brainest and I will rate 5 out of 5 stars pls show working out

the value in the five years is  £2,621.44

Step-by-step explanation:

The computation of the value in the five years is given below:

= The value of the second car × (1 - losses percentage)^number of years

= £8,000 × (1 - 0.20)^5

= £8,000 × 0.80^5

= £8,000 ×  0.32768

=  £2,621.44

Hence, the value in the five years is  £2,621.44

We simply applied the above formula so that the correct value could come

And, the same is to be considered