You Purchase a New Car After Graduating from College

question 40

Short Answer

You purchase a new car after graduating from college. Each year the assessed value of the car decreases by 10%. After five years, what is the total percentage decrease on the value of the car? Give your answer as a percentage rounded to the nearest tenth of a percent.

---

Definitions:

Mexican

Pertaining to Mexico, a country in North America known for its diverse culture, history, and significant contributions to world cuisine, art, and literature.

Nez Perce

A Native American tribe originally located in the Pacific Northwest of the United States, known for their resistance to the U.S. government in the late 19th century.

Defeat

The inability to win or succeed in a conflict, game, or competition; a loss.

Montana

is a state in the northwestern United States known for its vast wilderness areas, Rocky Mountains, and as a gateway to Yellowstone National Park.