A scooter costs 45,000 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 answer.
A) 10,000  B) 23,040  C) 12,800  D) 12,000  E) None of these
After first year, the value of the scooter = 36,000   After second year, the value of scooter = 28,800   After third year, the value of scooter = 23,040   Answer 23,040
<result>B</result>
A scooter costs 45,000 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?