Question

A general rule-of-thumb for used car dealers is that the trade-in value of a car decreases by 30%

each year. How much will a $25,000 car be worth in 6 years?

Answer 1

-$20,000

Explanation:

30% of $25,000 is $7,500 Therefore..

$7,500 x 6 = $45,000 ( 6 being the years )

$45,000 - $25,000 = $20,000

Hope this helps.

-Conrad