Question

30 POINTS!!!!!!!!! PLEASE HELP, I'VE BEEN STUCK ON THIS FOR A WHILE!!!

question:
If you spend $250000 on a new car and it is depreciating about 25% per year, how much will it be worth by its fourth year?

Answer 1

Answer:49%

Step-by-step explanation:

After two years, your car's value decreases to 69% of the initial value. After three years, your car's value decreases to 58% of the initial value. After four years, your car's value decreases to 49% of the initial value. After five years, your car's value decreases to 40% of the initial value