0Claudia0
Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

~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%

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.