Question

Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years?

Answer 1

So we want to know what price will the car have after three years if the value of the car depricated for 48% and the initial value of the car is 11400$. So if the value of the car depricates by 48% that means new value is 52% of the initial value. So 0.52*11400$=5928$.