Question

It is estimated that the value of a new car is reduced 30% after one year of ownership. Find the value after one year of a car that cost $21,600 new.

Answer 1

30% of $21,600 is $6,480.

$21,600 - $6,480 = $15,120

Answer 2

Answer:

$15,120

Step-by-step explanation:

30% of the value is lost the first year, leaving 70%.

So we multiply $21,600 by 0.70, obtaining   $15,120.  This is the value after one year.