Marlin Davies buys a truck for $28,000. In three years, the car depreciates 47% in value. How much is the car worth in three years?

1 Answer
Jack Oneill
Jun 4, 2018

$14560

Explanation:

Simple enough calculation I hope, 47% in decimal form is 0.47, so 47% is 28000⋅0.47
From there, we're removing that answer from 28000 so we know how much it's worth in the end, therefore 28000−(28000⋅0.47)=$14560

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