Question

Jane buys a car for $43,900. In three years, the car depreciates 48%.
A) True
B) False

Answer 1

The statement is True.

Step-by-step explanation:

The statement is True.

To find the value of a car after depreciation, we can multiply the original value by the depreciation rate. In this case, the car depreciated by 48%, so the value after three years would be 100% - 48% = 52% of the original value.

Therefore, the value of the car after three years is $43,900 x 0.52 = $22,828.

So the answer is True, the car is worth $22,828 after three years.