Q: Jocelyn bought a car 3 years ago at $4000. If the car's value has reduced by 30%, calculate the current value of the car.
A: 2800
Explain how we arrive at this answer:
Explanation: If Jocelyn bought the car 3 years ago at $4000, the car's value has reduced by 30 / 100 * $4000 = $1200. The current value of the car is $4000 - $1200 = $2800.