SOLUTION: Please help me solve this problem. New cars depreciate an average of 28% in thier first year. What will a $9000 car be worth after 1 year?

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Question 164094: Please help me solve this problem. New cars depreciate an average of 28% in thier first year. What will a $9000 car be worth after 1 year?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
9,000-.28*9,0000=9,000-2,520=$6,480 is the depreciated value of the car affter 1 year.