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7 February, 21:50

You bought a car for $20,000$20,000. You have owned it for one year, and it is now worth $16,000$16,000. What is the percent decrease in your car's value?

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  1. 7 February, 22:19
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    So in one year, the value of the car decreased by $4000, which is 1/5 or 20% of the original value.
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