A car depreciated (decreased in value) by 25% during the first year. If the car was purchased for $28,000, what is the car worth today

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Answer:

$21,000

Step-by-step explanation:

The cost of car=$ 28,000

A car is depreciated by 25%

Now, the price of car=$28000(1-)[tex]\frac{25}{100}[/tex]

The price of the car= $28000([tex]\frac{100-25}{100}[/tex])

The price of the car= $28000([tex]\frac{75}{100}[/tex])

The price of the car= $280×75

The price of the car= $21,000

The car worth today $21,000

Hence the correct answer is $ 21,000