A car depreciated (decreased in value) by 25% during the first year. If the car was purchased for $28,000, what is the car worth today Show your work

Question

asked Feb 8, 2019 138k views

1 Answer

Dreamer · Answer 1 · 2019-02-15T11:41:26+0000

Answer:

$21,000

Explanation:

The cost of car=$ 28,000

A car is depreciated by 25%

Now, the price of car=$28000(1-)

The price of the car= $28000(
(100-25)/(100) )

The price of the car= $28000(
(75)/(100) )

The price of the car= $280×75

The price of the car= $21,000

The car worth today $21,000

Hence the correct answer is $ 21,000