Question

Marlin Davies buys a truck for $28,000. 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 is the value of a car after three years if it's value depricated 48% and it's initial value was 28000$. So the value after 3 years is100$-48%= 52% of it's initial value or: 0.52*28000$ = 14560 $ And after three years the value of the truck is 14560 $