Hello there! I can help you with this!
1. Okay. So the car is worth $22,000. It loses 40% of it’s value in one year. To find how much it loses in value for one year, multiply 22,000 by 40% (0.4). 22,000 * 0.4 is $8,800. There. The car loses $8,800 in value after one year.
2. There is still 60% of it’s value left. We can apply how much the value car has lost from question #1 ($8,800) and subtract it from 22,000. 22,000 - 8,800 is 13,200. After one year has passed, the car is worth $13,200.