Question

The average new car sells for 23,000 but loses value about 20% each year for the next 5 years

Answer 1

I think It would be $18,400

Explanation:

You would take 23,000 then divide it by 100 to get 230 then multiply that by 20 finally you would delete 23,000 by 4600 to get what do you know 18,400.