John is planning to purchase a new car that costs $15,500. On average, a new car loses 11% of its value the moment that it is driven out of the lot. Once John drives his new car off the lot, what will its value be?

Respuesta :

Answer:

$5,735

Step-by-step explanation:

$15,000 multiplied by 0.37(aka 37%) gives you $5,735.

Answer: $13,795    

Step-by-step explanation:

$15,500 X .11 (11%) = $1705

$15,500 - $1705(depreciation) = $13,795

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