Jenny originally bought her car for $42,000. Four years later, she sold it to a used car salesman for $14,000. What is the ratio for the amount she sold it for to the amount that it depreciated?

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SOLUTION

The amout that Jenny sold the car for is $14,000

The amout that the car depriciated will be

$42,000 - $14,000 = $28,000

The ratio for the amount she sold it for to the amount that it depreciated becomes

[tex]\begin{gathered} \frac{14,000}{28,000} \\ \\ =\text{ }\frac{1}{2} \\ \\ =\text{ 1 : 2} \end{gathered}[/tex]