Question

The value of your father’s car when bought was $30,000. If it loses 10% of its value every year, how long until the vehicle is only worth $20,000?

Answer 1

6.7

Explanation:

10% of 30000

10/100 x 30000

0.10 x 30000

=3000

In order to find how long you have to divide 20k with 3k

20000/3000 = 6.66666667

Round it up and you get 6.7