A car depreciates 15% per year from $20,000. What is its value after 2 years?

A $14,450

B $14,000

C $17,000

D $15,000

✓ Correct Answer: Option A

After 1 year: $20,000 × 0.85 = $17,000. After 2 years: $17,000 × 0.85 = $14,450.

💡 Why is A) the correct answer?

The correct answer to the question "A car depreciates 15% per year from $20,000. What is its value after 2 years?" is Option A: $14,450.

The other options — B) $14,000, C) $17,000, D) $15,000 — are incorrect for this SAT Exam Prep question. As explained above: After 1 year: $20,000 × 0.85 = $17,000. After 2 years: $17,000 × 0.85 = $14,450.

📚 About This SAT Exam Prep Practice Question

This 2-level SAT Exam Prep question from the Math (Calculator) topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free SAT Exam Prep practice test or use flashcards for spaced repetition review.

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A car depreciates 15% per year from $20,000. What is its value after 2 years?

✓ Correct Answer: Option A

📚 About This SAT Exam Prep Practice Question

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