A car cost 20 000$, three years later it's value dropped to 13 750$

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A car cost 20 000$, three years later it's value dropped to 13 750$

How do i find how many per cent the value dropped?

Thanks

Guest Apr 13, 2015

+130516

+5

Best Answer

We can use this "formula"

[20000 - 13750] / 20000 =

6250/20000 = .3125 = a 31.25% decline in value

CPhill Apr 13, 2015

CPhill · Answer 1 · 2015-04-13T02:45:15

We can use this "formula"

[20000 - 13750] / 20000 =

6250/20000 = .3125 = a 31.25% decline in value

Guest · Answer 2 · 2015-04-13T03:05:00

Many thanks