It is estimated that the value of a new car is reduced 30% after one year of ownership. Find the value after one year of a car that cost $21,600 new.
Accepted Solution
A:
Answer:$15,120Step-by-step explanation:30% of the value is lost the first year, leaving 70%.So we multiply $21,600 by 0.70, obtaining $15,120. This is the value after one year.