Question

Age of car = 5 years. Original cost = $16,995. The current market value is

Answer 1

$11,900

Explanation:

First you need to get the percentage for 5 years which is 20%,

you then convert the 20% to a decimal .20

Then do the original value of $15,500*.20=3100

Then subtract 15500-3100=11,900 dollars, is what the car is worth after 5 years.

Answer 2

The current market value is 11,900 dollars

Explanation:

In graph, year is shown by x-axis and percentage of market value of car is shown by y-axis.

To find current market value of 5 year age of car:

the percentage of 5 years is 20%

now, convert 20% to a decimal which is .20

so, original value is $15,500*.20 = 3100

Then subtract 3100 from original cost

15500-3100=11,900 dollars

Hence, The current market value is 11,900 dollars