Question

Suppose you bought a car for $63,765 and the value of the car has decreased by 44%. What is the new value of the car? Round your answer to the nearest hundredth.

Answer 1

Explanation:

If the value of the car has decreased by 44%, it still retains 56% of its value. Thus, the solution for the depreciation is 63,765(.56) = $35,708.40