Question

You buy a used car for $10,000. The value of the car decreases by22% each year. Approximately how much is the car worth in 3 years?

Answer 1

The value will be $3,400 after 3 years

Explanation:

Convert the percentage into the cash decrease each year, multiply that by 3 and then subtract $10,000 by the sum.

.22 x 10,000 = 2,200

2,200 x 3 = 6,600

10,000 - 6,600 = 3,400