Question

You buy a new car for $35,000. The value of the car decreases by 12% each year. What

will the value of the car be in 8 years?

Answer 1

$1400

Explanation:

$35,000 ×12 ÷ 100 = $4200

$4200 × 8 = $33,600

$35,000 - $33,600 = $1400

Therefore the value of the car will be $1400