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The value of a new car decreases by about 15% in the first year. How much will a car be worth after one year if its initial value was $1,500
Question
The value of a new car decreases by about 15% in the first year. How much will a car be worth after one year if its initial value was $1,500? If you get stuck, consider using diagrams or a table to organize your work.
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Mathematics
4 years
2021-08-21T05:06:02+00:00
2021-08-21T05:06:02+00:00 1 Answers
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Answer:
After one year, the car will be worth $1,275.
Step-by-step explanation:
We know that a new car value decreases by 15% every year. So, we first need to find 15% of $1,500.
1,500 x 0.15 = $225.
Now, me must subtract $225 from the initial value, or $1,500.
1,500 – 225 = $1,275
Therefore, after one year, the car will be worth $1,275.
Hope this helps! 😀