GIVEN:Price is depreciated by 20% each yearCalculation:LET be assume the original price is X⇒ After 3 years price = x × 4/5 × 4/5 × 4/5 = (64/125) × x⇒ After 4 years price =x × 4/5 × 4/5 × 4/5 × 4/5 = (256/625) × x⇒ {(64/125) - (256/625)} × x = 3328⇒ 0.1024 × x = 3328⇒ x = 32500⇒ For second-year price = 32500 × 4/5 × 4/5 = 20800∴ The required RESULT will be 20800.