Larry's car depreciated 30% during the first year he owned it. If he paid $24,750 for the car, what was his car worth the second year?

Question

 

 What was his car worththe second year?

 

Answer 1

Set this up as an equation.  

You will need to determine what 30% of $24,750 equals.  

Then subtract that from $24,750 to determine the value of the car in the second year.