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**mathmagic** **The following shows how the value of a car depreciates each year. Find the trade-in value of a car for each 5 yr. The percents given are based on the selling price of the new car...**

**a.** What is the approximate trade-in value of a $12,000 car after 1 yr if the selling price of a new car is 70%?

**b. **How much has a $20,000 car depreciated after 5 yr if the selling price of a new car is 30%?

**c.** What is the approximate trade-in value of a $20,000 car after 4 yr if the selling price of a new car is 35%?

**d.** Dani wants to trade in her car before it loses half its value. When should she do this?

**My answers are:** a. $8,400 b. $6,000 c. $13,000 d. Within 2 years.

Do any of my answers appear to be correct? Thank you.