Answer:
$11.250
Step-by-step explanation:
Percentage of Decrease = 25%
To know the cost of the car when she bought it, we must first know the amount of depreciation. After that, we then subtract the value from the new price.
Therefore:
25% of $15,000
= 25 / 100 * $15,000
= 0.25 * $15,000
= $3750.00
The value of the percentage of Decrease is $3750.00.
To know the worth of the car when she bought it:
$15,000.00 - $3750.00
= $11.250.
The worth of the car when she bought is $11.250
Answer: the car was worth $20000 when she bought it.
Step-by-step explanation:
Let x represent the worth of the car when she bought.
The value of Maggie's car decreased by 25% since last year, when she bought it. It means that the amount by which it decreased is
25/100 × x = 0.25x
The value of the car after the loss in value would be
x - 0.25x = 0.75x
If the car is now worth $15,000.00, it means that
0.75x = 15000
x = 15000/0.75
x = $20000
