Tim bought a new car for 25,000 one year later the value of the car decrease to 20,000 what is the percentage of the decrease of the car

Sagot :

Answer:

The percentage decrease in the value of the car is;

[tex]20\text{\%}[/tex]

Explanation:

Given that the initial price of the car is;

[tex]25,000[/tex]

And after one year the price decreased to;

[tex]20,000[/tex]

The percentage change in the price will be;

[tex]\begin{gathered} \text{ \%P }=\frac{25000-20000}{25000}\times100\text{\%} \\ \text{ \%P }=\frac{5000}{25000}\times100\text{\%} \\ \text{ \%P }=0.2\times100\text{\%} \\ \text{ \%P }=20\text{\%} \end{gathered}[/tex]

Therefore, the percentage decrease in the value of the car is;

[tex]20\text{\%}[/tex]