Question

A car depreciated (decreased in value) by 25% during the first year. If the car was purchased for $28,000, what is the car worth today
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Answer 1

Answer:

$21,000

Step-by-step explanation:

The cost of car=$ 28,000

A car is depreciated by 25%

Now, the price of car=$28000(1-)$\frac{25}{100}$

The price of the car= $28000($\frac{100-25}{100}$)

The price of the car= $28000($\frac{75}{100}$)

The price of the car= $280×75

The price of the car= $21,000

The car worth today $21,000

Hence the correct answer is $ 21,000