Final answer:
The percent decrease in the value of the car from $24,000 to $23,160 over two years is 3.5%.
Step-by-step explanation:
To calculate the percent decrease in the value of the car, you need to take the difference in price from two years ago to this year, then divide by the original value, and finally multiply by 100 to get the percentage. Two years ago, the car was valued at $24,000, and this year it is valued at $23,160.
First, find the decrease in price:
$24,000 - $23,160 = $840.
Next, divide this decrease by the original price:
$840 ÷ $24,000 = 0.035 (or 3.5%).
So, the percent decrease in value of the car is 3.5%.