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IMSO 2008 — International Mathematics — Essay Question 2

IMSO Maths · IMSO 2008 — International Mathematics — Essay

Question 2

In 2008, the price of car A is 20,000 dollars and car B is 25,000 dollars. Each year, the price of car A decreases by $5\%$ and that of car B decreases by $10\%$. In what year will car B be cheaper than car A?