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inysia [295]
3 years ago
6

Item 1 The value of a car is $23,000. It loses 11.1% of its value every year. Find the approximate monthly decrease in value. Ro

und your answer to the nearest tenth.
Mathematics
1 answer:
IrinaK [193]3 years ago
7 0

Answer:

<h2>$212.8</h2>

Step-by-step explanation:

If the car loses 11.1% per year, we need to calculate how much money is that:

23,000\frac{11.1}{100} = 2,553.; this value is the lost per year.

Now, in order to calculate this loss per month, we divide it by 12:

\frac{2553}{12} =212.75

Hence, the monthly value decrease is $212.8, rounding it to the tenth.

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