You would like to lease a car worth $52,696 for a three-year period. The leasing company told you that after three years, the car would have

Question

You would like to lease a car worth $52,696 for a three-year period. The leasing company told you that after three years, the car would have a residual value of $39,826. What percentage represents the residual value of your leased car?

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Edana Edana 3 years 2021-08-27T07:47:43+00:00 1 Answers 9 views 0

Answers ( )

  1. huyenthanh
    0
    2021-08-27T07:49:29+00:00
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    Answer: 75.58%

    Step-by-step explanation:

    Since we are given the information that the worth of the car will be leased for $52696 and the residual value will be $39826, the percentage that represents the residual value of the leased car will be:

    = (39826 / 52696) × 100

    = 0.7558 × 100

    = 75.58%

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