Answer:
$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 [tex](0.2)(22,000)=4,400[/tex]
Now, [tex]22,000-4,400=17,600[/tex]
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 [tex](0.2)(17,600)=3520[/tex]
Now, [tex]17,600-3,520=14,080[/tex]
Hence, $14,080 is the value of the car at the end of 2 years. First answer choice is right.
