Question

Someone bought a car for $5,000. During the first year, its value depreciated by 20%. What was the value of the car after one year?

Answer 1

The answer is 1,000

Explanation:

because 20% of 5000 is the answer which is 1,000

Answer 2

The value of the car after one year is $1000

Explanation:

$5000 * 0.2 = 1000.

You can say the 20% = 0.2.

So it is depreciated by 0.2.

You multiply the number (5000) by 0.2

5000 * 0.2 = 1000.