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John purchased a new vehicle which depreciated 2 0 % annually. After 5 years the value of his vehicle was $ 1 2 , 0

John purchased a new vehicle which depreciated $20 %$ annually. After $5$ years the value of his vehicle was $ $12, 000 .$ Calculate the purchase price.

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Question

John purchased a new vehicle which depreciated 2 0 % annually. After 5 years the value of his vehicle was $ 1 2 , 0

John purchased a new vehicle which depreciated 20% annually. After 5 years the value of his vehicle was $12,000. Calculate the purchase price.

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John purchased a new vehicle which depreciated $20 %$ annually. After $5$ years the value of his vehicle was $ $12, 000 .$ Calculate the purchase price.