The value of a car decreases over time. This year, Faaria’s car is worth $22,000. If the value of Faaria’s car decreases by 8%, what will her car be worth next year?
A. $1760
B. $4400
C. $17 600
D. $20 240
E. $23 760
Since the value of her car decreases by 8% every year, in one year it will be 92% of its original price ($22,000). 0.92 * 22,000 is 20,240. Therefore, the answer is D.
