Percentages

SAT Math· difficulty 4/5

A car loses 12% of its value each year — wait — let's keep linear. A house's value drops \5{,}000eachyear.After6years,itloseswhatfractionoforiginaleach year. After 6 years, it loses what fraction of original$300{,}000$ value?

  • A

    20%20\%

  • B

    5%5\%

  • C

    10%10\%

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  • D

    15%15\%

Explanation

Loss =30000= 30000; 30000/300000=10%30000/300000 = 10\%.

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