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You bought a car for $20,000. You have owned it for one year, and it is now worth $16,000. What is the percent decrease in your car's value?
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1 vote
You bought a car for $20,000. You have owned it for one year, and it is now worth $16,000. What is the percent decrease in your car's value?

User ACVM
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2 Answers

2 votes
16% Because he gets a discounts decrease
User Santosh Kore
by
6.4k points
5 votes
Percentage decrease= 100 x (( 20 000 - 16 000)/ 20 000 ) = 20%
User Amine Hajyoussef
by
5.7k points
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