Jacob bought a car that loses 10% of its value each year. If the original cost of the car is n dolla

Jacob bought a car that loses 10% of its value each year. If the original cost of the car is n dollars, what is its value after 3 years?

• Year 1: 0.9*n = 0.9n
• Year 2: 0.9 * 0.9n = 0.81n
• Year 3: 0.9 * 0.81n = 0.729n