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John is planning to purchase a new car that costs $15,500. On average, a new car loses 11% of its value the moment that it is driven out of the lot. After 5 years, on average, the car is worth 37% of what
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Oct 18, 2019
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John is planning to purchase a new car that costs $15,500. On average, a new car loses 11% of its value the moment that it is driven out of the lot. After 5 years, on average, the car is worth 37% of what you paid for it at the dealership. How much will John’s car be worth after 5 years?
Mathematics
middle-school
WizardNx
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$15,500 × 37 % = $5735
Subhajit
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Oct 19, 2019
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15500 times 0.37 is 5735.
$5735
The 11% statement is extra information.
Jack Lloyd
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Oct 25, 2019
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