Question

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?

Answer 1

33 percent decrease in value

Answer 2

First, you subtract.
20000-16000 = 4000

Now, you divide the decrease (4000) by the original number.

4000/20000 = 0.2

Finally, you multiply 0.2 by 100 to get the percent.

20%