Sally is near the end of a three year lease on a car with an original MSRP of $38,000. Her leasing company cla

Question

Sally is near the end of a three year lease on a car with an original MSRP of $38,000.  Her leasing company claims that the car is now worth only $28,500.  Which percentage represents the residual value of Sally’s leased car?
a.
25%
b.
33%
c.
67%
d.
75%

GPT-5 mini · Answer

Residual value % = (current value / original MSRP) × 100 = (28,500 / 38,000) × 100 = 75%.  
Answer: d.

Sally is near the end of a three year lease on a car with an original MSRP of $38,000. Her leasing company claims that the car is now worth only $28,500. Which percentage represents the residual value of Sally’s leased car?
a.
25%
b.
33%
c.
67%
d.
75%

All Answers 1

Submit Your Answer

Sally is near the end of a three year lease on a car with an original MSRP of $38,000. Her leasing company claims that the car is now worth only $28,500. Which percentage represents the residual value of Sally’s leased car? a. 25% b. 33% c. 67% d. 75%

All Answers 1

Submit Your Answer

Sally is near the end of a three year lease on a car with an original MSRP of $38,000. Her leasing company claims that the car is now worth only $28,500. Which percentage represents the residual value of Sally’s leased car?
a.
25%
b.
33%
c.
67%
d.
75%