Question
A new car typically loses 20% of its initial value during the first year. During the second year, the car loses 15% of its value after the first year. Find the value of the car after the first year and after the second year.
Answers
Ms. Sue
What was the car's initial value?
Reiny
remaining value after 1 year
= .8 or 80%
remaining value after 2 years
= .8(.85)
= .68 or 68%
= .8 or 80%
remaining value after 2 years
= .8(.85)
= .68 or 68%
Sidney
I forgot to add that I'm sorry! I meant t o type Find the value of the car ($18,000)
so it's actually
A new car typically loses 20% of its initial value during the first year. During the second year, the car loses 15% of its value after the first year. Find the value of the car($18,000) after the first year and after the second year.
so it's actually
A new car typically loses 20% of its initial value during the first year. During the second year, the car loses 15% of its value after the first year. Find the value of the car($18,000) after the first year and after the second year.
A Helper
The answer would be 14880 dollars.
STEP BY STEP EXPLANATION:
- Loses 20% of its inital value:
18600*0.20
= 3720
18600-3720
= 14880!
STEP BY STEP EXPLANATION:
- Loses 20% of its inital value:
18600*0.20
= 3720
18600-3720
= 14880!