Gail bought a car for $12,600. In three years time, the car’s value will depreciate 52%. How much will the ?
Gail bought a car for $12,600. In three years time, the car’s value will depreciate 52%. How much will the car be worth in 3 years?
Did I do this problem correctly?
12,600 x .52 = 6,552
12,600 - 6552 = 6,048 (FINAL ANSWER)
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Verified answer
yes, you solved the problem correctly.
Yes, the amount an item is worth equals the initial value minus the amount of depreciation
Direct answer is 12,600 * (1 - 0.52).
you absolutely got it right. Congrats! You don't need help!