Age of car = 5 years. Original cost = $16,995. The current market value is
Answer:
$11,900
Step-by-step explanation:
First you need to get the percentage for 5 years which is 20%,
you then convert the 20% to a decimal .20
Then do the original value of $15,500*.20=3100
Then subtract 15500-3100=11,900 dollars, is what the car is worth after 5 years.
Answer:
The current market value is 11,900 dollars
Step-by-step explanation:
In graph, year is shown by x-axis and percentage of market value of car is shown by y-axis.
To find current market value of 5 year age of car:
the percentage of 5 years is 20%
now, convert 20% to a decimal which is .20
so, original value is $15,500*.20 = 3100
Then subtract 3100 from original cost
15500-3100=11,900 dollars
Hence, The current market value is 11,900 dollars