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A car depreciated by 25% during the first year. If the car was purchased for $28,000, what is the car worth today?
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4 votes
A car depreciated by 25% during the first year. If the car was purchased for $28,000, what is the car worth today?

User Joeschwa
by
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2 Answers

4 votes
$21,000 because 25% of 28,000 is 7,000. So subtract 7,000 from 28,000 to get 21,000.
User Namizaru
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8.5k points
4 votes
28000(100-25)/100

28000(75/100)

28000(0.75)

$21000
User Mattias Ottosson
by
8.9k points
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