A scooter costs 25,000 when it is brand new. At the end of each year, its value is only 80% of what it was at the beginning of the year. What is the value of the scooter at the end of 3 years?
Choose the correct choice from the following
A) 10,000 B) 12,500 C) 12,800 D) 12,000 E) None of these
After first year, the value of the scooter = 20,000   After second year, the value of scooter = 16,000   After third year, the value of scooter = 12,800   Answer 12,800
<result>C</result>
A scooter costs 25,000 when it is brand new. At the end of each year, its value is only 80% of what it was at the beginning of the year. What is the value of the scooter at the end of 3 years?