Answer:
the difference between the market value of the car and its maintenance and repair costs for the eighth year is $-775
Explanation:
In eighth year:
we can find values
Percentage of market value of car =5%
Maintenance and Repair costs as percentage of Car's value =10%
the difference between the market value of the car and its maintenance and repair costs for the eighth year = (Percentage of market value of car)-(Maintenance and Repair costs as percentage of Car's value)
=5%-10%
=-5%
Since, original cost =15500
so,
the difference between the market value of the car and its maintenance and repair costs for the eighth year = -5% of 15500
the difference between the market value of the car and its maintenance and repair costs for the eighth year = -775