Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is the car worth in three years?
A. $3,800.00
B. $4,788.00
C. $5,472.00
D. $5,928.00
my work
11400.00*0.48=5472.00
am i right .
No,you figured how much was lost through depreciation. Subtract that from the original cost.
Yes, you are correct. To find the value of the car after depreciation, you can multiply the purchase price of $11,400.00 by the depreciation rate of 48%. Here's the calculation:
$11,400.00 * 0.48 = $5,472.00
Therefore, the car is worth $5,472.00 in three years. So, the correct answer is C. $5,472.00. Good job!