Using the values from the graph, compute the values for the terms given in the problem in dollars and cents. Choose the correct answer.
100%
90%
80%
Percentage of
Market Value
of Car
(solid line)
70%
60%
50%
40%
30%
20%
10%
0%
0
Maintenance and Repair Costs
as Percentage of Car's Value
(dashed line)
1st
yr.
2nd
yr.
3rd
yr.
4th
yr.
5th
yr.
6th
yr.
7th
yr.
8th
yr.
9th
yr.
10th
yr.
Age of car = 2 years.
Original cost = $9,550.
The current market value is $