0Claudia0idn
Answered

IDNLearn.com provides a user-friendly platform for finding answers to your questions. Our platform provides accurate, detailed responses to help you navigate any topic with ease.

~Please only answer if you know for sure~

You bought a car for $20,000. You have owned it for one year, and it is now worth $16,000. What is the percent decrease in your car's value?

20%


25%


80%


125%

Sagot :

20%.

20,000 times 0.8 is 16,000, so the decreased value that was lost was 20% of the original price.

Answer:

Option A. 20%

Step-by-step explanation:

Since the cost price of the car when it was new = $20000

After one year car value $16000.

We have to calculate the depreciation in the price or my car.

So decease in the car's value = 20000-16000 = $4000

Since cost price of the car was = $20000

therefore % decrease decrease in the price will be = (decrease in price/cost price)×100 = (4000/20000)×100 = 20%

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com provides the answers you need. Thank you for visiting, and see you next time for more valuable insights.