Leonard bought a car for $20,000. After one year, the value was $15,000. Assuming the same rate of decrease, find the approximate value of the car after one more year.

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ASVAB Arithmetic Reasoning Practice Test: Algebra — practice the complete quiz, review flashcards, or try a random question.

The Arithmetic Reasoning subtest on the ASVAB measures your ability to pull information from word problems and solve mathematical concepts in real-world situations. Like the Mathematics Knowledge subtest, it formulates a big part of your AFQT score, and it’s also used to help determine which jobs you’ll be most suited for when you’re in the military.    The Arithmetic Reasoning subtest requires you to read a word problem, figure out what mathematical concept it’s asking you to use, and arrive at the correct answer. It includes questions that involve fact-finding, algebra, and geometry. This... Show more

Leonard bought a car for $20,000. After one year, the value was $15,000. Assuming the same rate of decrease, find the approximate value of the car after one more year.