0Claudia0
Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

~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 hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.