SOLUTION: A new car depreciates an average of 22% in it's first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A new car depreciates an average of 22% in it's first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?      Log On


   

Question 113663: A new car depreciates an average of 22% in it's first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
16,000-(16,000*.22)=16,000-3,520=$12,480 ANSWER FOR THE VALUE OF THE CAR AFTER 1 YEAR.