A cycle costs Tk. 2,500 when it is brand new. At the end of each year it is worth 4/5 th of what it was in the beginning of the year. What is the worth of the cycle when it is 3 years old?

A cycle costs Tk. 2,500 when it is brand new. At the end of each year it is worth 4/5 th of what it was in the beginning of the year. What is the worth of the cycle when it is 3 years old? Correct Answer 1280

Here 80% = 0.80 = ⅘, we see that after 3 years, the cycle is worth:2,500 x 4/5 x 4/5 x 4/5 = 2,500 x 64/125 = 20 x 64 = 1,280 tk
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