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Ludmilka [50]
3 years ago
9

Ben buys a car for $50,000. The value of the car decreases at a rate of 4% per year. How much will the car be worth in 3 years?

Mathematics
1 answer:
Rzqust [24]3 years ago
5 0
FOR THE FIRST YEAR
4/100×50000 = 2000
50,000 - 2000 = 48000
FOR THE SECOND YEAR
4/100 × 48000 = 1920
48000-1920 = 46080
FOR THE THIRD YEAR
4/100 × 46080 = 1843.2
46080-1843.2 = 44236.2
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Step-by-step explanation:

Let n be the unknown number.

The reciprocal basically makes the number (n in this case) a fraction. So, that being said, the reciprocal of n would be \frac{1}{n}.

The difference of three and the reciprocal of a number (\frac{1}{n}) would be \frac{1}{n} - 3.

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So, with this information we've gathered so far, we can come up with an equation to find what the number equals.

Equation: \frac{1}{n} - 3 = \frac{20}{n}

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