A car bought for $20,000 depreciates in value by 10% each year. How much will the car be worth after 2 years? If after the time it

A car bought for $20,000 depreciates in value by 10% each year. How much will the car be worth after 2 years? If after the time it is resold for $15,000 what is the percentage loss to the seller?

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