(20 points) A car enthusiast learns that a particular model of car, which costs $42,000 new, loses 25% of
its value every year. How much will the car be worth in 2 years?

If necessary, round your answer to the nearest cent.

The value of the car in 2 years will be 21,000 I believe.

Step-by-step explanation:

The car originally costs 42,000 dollars. Every year the car loses 25% of it's original value.

The first thing to do is multiply .25 by 42,000. This should give you 10,500.

(42,000)(.25) = 10,500

Next is to multiply 10,500 by 2 to cover the second year. Your answer should be 21,000.

(10,500)(2) = 21,000

Now subtract that from the original value. And you should get 21,000.

42,000 - 21,000 = 21,000

Best of Luck!

If this is not the answer then it is, $23,625.

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