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Type the equations and values needed to compute the difference between the market value of the car and its maintenance and repair costs for the eighth year.

Type the equations and values needed to compute the difference between the market-example-1

2 Answers

5 votes

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

User MarcoS
by
7.1k points
4 votes
The equation in order to get the difference is this
percentage market value of car - maintenance and repair cost as the percentage of car's value
For the eighth year, we have
percentage market value of car = 6%
maintenance and repair cost as the percentage of car's value = 9%
6% - 9% = - 3%
User Janar
by
7.5k points