Question

Type the equations and values needed to compute the difference between the market value of the car and its maintenance and repair costs for the eighth year.

Answer 1

the difference between the market value of the car and its maintenance and repair costs for the eighth year is $-775

Explanation:

In eighth year:

we can find values

Percentage of market value of car =5%

Maintenance and Repair costs as percentage of Car's value =10%

the difference between the market value of the car and its maintenance and repair costs for the eighth year = (Percentage of market value of car)-(Maintenance and Repair costs as percentage of Car's value)

=5%-10%

=-5%

Since, original cost =15500

so,

the difference between the market value of the car and its maintenance and repair costs for the eighth year = -5% of 15500

the difference between the market value of the car and its maintenance and repair costs for the eighth year = -775

Answer 2

The equation in order to get the difference is this
percentage market value of car - maintenance and repair cost as the percentage of car's value
For the eighth year, we have
percentage market value of car = 6%
maintenance and repair cost as the percentage of car's value = 9%
6% - 9% = - 3%