Question

The value of a car is $22,000. It loses 13.9% of its value every year. Find the approximate monthly decrease in value. Round your answer to the nearest tenth.

Answer 1

Answer:

.200 because 22,000 % by 7 is 1540 which you divide by 10,000

Step-by-step explanation:

hope this helps

Answer 2

The approximate monthly decrease in value is $255.2

What is Percentage?

A percentage is a number or ratio expressed as a fraction of 100.

Given,

Value of the car = $22000

Loss percentage of value per year = 13.9%

Loss percentage of value per month =$\frac{13.9}{12}$ =1.16%

Decrease in value per month = $22000(\frac{1.16}{100})$= $255.2

Hence, the approximate monthly decrease in value is $255.2

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