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Exercise 28

Avg difficulty 2.5

For this set of questions, calculate the ending amount and the combined relative change.

A new car worth $50,000 dropped in value by 20% in the first year and 15% the second year. What was it worth after the second drop and what was the combined relative change?

Lee et al., Math in Society, §1.3 Percents, Exercise 28

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Adapted from Math in Society © 2018–2024 Portland Community College Math Instructors. Licensed under CC BY-SA 4.0. Source: Math in Society. Imported at revision 68ee43c.