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Using the values from the graph, compute the values for the terms given in the problem. Choose the correct answer.
Percentage of
Market Value
of Car
(solid line)
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
Maintenance and Repair Costs
as Percentage of Car's Value
(dashed line)
-
-
-
0
1st
yr.
2nd
yr.
3rd
yr.
4th
yr.
5th
yr.
6th
yr.
7th
yr.
8th
YT.
9th
yr.
10th
yr.
Age of car = 6 years.
Original cost = $12,995.
The current market value is $

Using the values from the graph compute the values for the terms given in the problem Choose the correct answer Percentage of Market Value of Car solid line 100 class=

Respuesta :

sqdancefan

Answer:

  $1299.50

Step-by-step explanation:

It appears that the graph shows the percentage of market value of a 6-year-old car is about 10%. So the value of such a car with an original value of $12,995 would be ...

  $12,995 × 0.10 = $1299.50

The current market value is $1299.50.

MrRoyal

The current market value of the car is $1299.50

How to determine the current market value

The original cost is given as:

Original = $12,995.

From the graph, the worth of the car after 6 years is

Rate = 10%

So, the current market value of the car is:

Value = $12,995 * 10%

Evaluate the product

Value = $1299.50

Hence, the current market value of the car is $1299.50

Read more about depreciation at:

https://brainly.com/question/843074

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