Question

A car is purchased for 28,000 after each year, the resale value decreased by 25% what will be the resale value be after 3 years?

Answer 1

Answer:

11,812.5

Step-by-step explanation:

25% = 0.25

(YEAR ONE)

$28,000*0.25 -- > 21,000$

↓ (why?)

28,000 * 0.25 = 7,000

$28,000 - 7,000 = 21,000$

(YEAR TWO)

$21,000 * 0.25 -- > 15,750$

↓ (why?)

$21,000 * 0.25 = 5250$

$21,000 - 5,250 = 15,750$

(YEAR THREE)

$15,750 * 0.25 -- > 11,812.5$

↓ (why?)

$15,750 * 0.25 = 3,937.5\\15,750 - 3,937.5 = 11,812.5$

Answer = 11, 812.5