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Sergeeva-Olga [200]
2 years ago
15

18. A car depreciated (decreased in value) by 25% during the first year. If the car was purchased for $28,000, what is the car w

orth today?
Mathematics
2 answers:
Ilya [14]2 years ago
8 0

Answer:

The correct answer is $21000

Step-by-step explanation:

Depreciation expense is the portion of loss of value because the time has pass by.  

Depreciation expense= cost of the car * percentage of depreciation  

DE=28000*0,25= $7000

Now, the car worth $7000 less

Actual price is 28000-7000: $21000

pshichka [43]2 years ago
3 0
25% of 28000 is 7,000
so 28000-7000= 21,000


28000/x= 100/25

(28000 X 25)/100=7,000
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