Question

a car loses 55% of its value after every 4 years if it cost $ 22500 when new, what is the value after 4 years

Answer 1

Answer:

$4556.25

Step-by-step explanation:

0.55* 22500=12375

22500-12375= 10125

0.55*10125=5568.75

10125-5568.75=4556.25

Answer 2

Answer:

Value of the car after 4 years is $10125

Step-by-step explanation:

The Cost of New car was $22500.

After 4 years it depreciates by 55% which is 0.55 times the original value

Hence the Value of the car after 4 years is

$22500 x 0.55 = $12375

$22500 -  $12375 = 10125