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Over its first two years a new car loses at least 30% of its resale value. What will the average resale value of a new car costing $22,000 be after two years?

Respuesta :

dumdumcheerleader
$15,400

Why:
Original cost is $22,000 and 30% of that is $6,600.
$22,000 - $6,600 = $15,400
Parrain

As a result of the rate at which a car loses its resale value, a car costing $22,000 would be worth $15,400 after two years.

Cars usually lose 30% of the resale value within their first two years.

A car that was bought for $22,000 will in two years be worth:

= Cost x (1 - rate lost)

= 22,000 x ( 1 - 30%)

= 22,000 x 70%

= $15,400

In conclusion, the car will be worth $15,400 after two years.

Find out more at https://brainly.com/question/21031769.

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