Question

Car Value: In one year a new car decreased in value by 20%. If it sold for $19,400 when it was new, what was it worth after 1 year?

Answer 1

20% of $19,400 is $3,880
($19,400 / 5 = $3,880)
subtract 20% from the original value
($19,400 - $3,880 = $15,520)
it's now worth $15,520