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Using the values from the graph, compute the values for the terms given in the problem. Percentage of Market Value of Car (solid line) 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0 Maintenance and Repair Costs as Percentage of Car's Value (dashed line) Ist yr. 2nd yr: 3rd yr. 4th yr. 5th yr. 6th yr. 7th yr. 8th yr. 9th yr. 10th yr. Age of car = 5 years. Original cost = $16,995. The current market value is $ O 13,596.00 0 3,399.00 5,098.50 11,896.50

Using the values from the graph compute the values for the terms given in the problem Percentage of Market Value of Car solid line 100 90 80 70 60 50 40 30 20 1 class=

Respuesta :

We can use the graph to find the percentage of the value that correspond to a 5-year-old car in respect to its original value.

For a car that is 5 years old, its value is 20% of the original value.

If the original value is $16,995, we can calculate its actual value multypling its original price by the proportion of value that we have taken from the graph:

[tex]V=0.2\cdot16,995=3,399[/tex]

Answer: the current market value is $3,399.

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