Question

At the start of 2014
Mikes car was worth 12000 the value of the car decreased by 30%

Answer 1

If the value of Mike's car decreased by 30%, we can calculate the new value of the car as follows:

New value = Original value - (Percentage decrease × Original value)

Percentage decrease = 30%

Original value = 12000

New value = 12000 - (0.30 × 12000)

New value = 12000 - 3600

New value = 8400

Therefore, at the end of the decrease, the value of Mike's car was 8400.