Step-by-step explanation:
To find the percent decrease:
Step 1: Find the decrease in value.
Decrease = Initial Value - Final Value
Decrease = $16,000 - $12,000 = $4,000
Step 2: Calculate the percent decrease.
Percent Decrease = (Decrease / Initial Value) * 100
Percent Decrease = ($4,000 / $16,000) * 100
Percent Decrease = 25%
Therefore, the percent decrease in the value of the car was 25%.
