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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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Mathematics
3 years
2021-08-27T07:47:43+00:00
2021-08-27T07:47:43+00:00 1 Answers
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Answers ( )
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%