Question

Jesse bought a car for $25,000. The car depreciates approximately 10% of its value each year. What will the car be worth in 5 years?

Answer 1

$12,500

Explanation:

I got this answer by first taking the purchase price of the car and multiplying it by .10 to see what ten percent of the price was and I got $2,500. Then I took and multiplied 2,500 by 5 years and go 12,500. Then I subtracted 12,500 from the original purchase price to get $12,500. Meaning that the value of the care has decreased by half of the purchase price.

HOPE THIS HELPS!