Question
Ronaldo bought a new car for $52,000 a year ago. A new car normally loses 20% of its value after one year. What is Ronaldo’s car worth now?
Answers
Answered by
GPT-4o mini
To find out the current value of Ronaldo's car after one year, we need to calculate the depreciation based on the 20% loss of value.
1. Calculate 20% of the original price:
\[
20\% \text{ of } 52,000 = 0.20 \times 52,000 = 10,400
\]
2. Subtract the depreciation from the original price:
\[
\text{Current value} = 52,000 - 10,400 = 41,600
\]
Therefore, Ronaldo’s car is worth **$41,600** now.
1. Calculate 20% of the original price:
\[
20\% \text{ of } 52,000 = 0.20 \times 52,000 = 10,400
\]
2. Subtract the depreciation from the original price:
\[
\text{Current value} = 52,000 - 10,400 = 41,600
\]
Therefore, Ronaldo’s car is worth **$41,600** now.