Question

Jane Marko buys a car for $43,900.00. In three years, the car depreciates 48% in value. How much is the car worth in three years

Answer 1

In the question "Jane Marko buys a car for $43,900.00. In three years, the car depreciates 48% in value. How much is the car worth in three years", the correct answer is $22,828.00 (option A). The cost of the car = $43,900.00 Depreciation in value in three years = 48% of $43,900.00 = 0.48 x 43,900.00 = $21,072.00 Value of the car after three years = $43,900 - $21,072 = $22,828.00