Question

If a car depreciated by 25 % the first year 28,000 how much is it worth today

Answer 1

Hello!

If it lost 25% it lost 1/4 of it's cost. One fourth of 28,000 is 7,000. Therefore we subtract.

28,000-7,000=21,000

The car is worth $21,000 today.

I hope this helps!