Problem Solving (PS) | Re: Amy purchased a car four years ago at $ 40,000. If its current value i

Here is theOE

Solution:
Step 1: Understand Question Statement
•The car was purchased at (Initial Value) = $ 40,000
•Current value of the car (Final Value) = $ 25,000
We need to find the Final Value is what percent of the initialvalue.

Step 2: Define Methodology
•Since the question is “what percent of” and not what percent more or less, we’ll simply using the formula: \frac{Final}{Initial }InitialFinal * 100 and get the required percentage.
Step 3: Calculate the final answer
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