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A car, purchased for $20,000, loses 14% of its value in the first year. What is the car worth after one year?

A car, purchased for $20,000, loses 14% of its value in the first year. What is the car worth after one year?
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A car, purchased for $20,000, loses 14% of its value in the first year. What is the car worth after one year?

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User Mviereck
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7.1k points

1 Answer

5 votes
The car is worth 17,200.
20,000x .14=2800
20,000-2,800=17,200.
answered
User JFM
by
8.0k points
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