### Home > GB8I > Chapter 7 Unit 8 > Lesson INT1: 7.1.5 > Problem7-61

7-61.

Elliot’s dad bought a new car for \$$31\text{,}000$ in $2012$. Elliot read that a new car loses about $13$% of its value each year. What is the multiplier for this situation?

Read Math Notes box in Lesson 5.3.2 to review the idea of multipliers.

To keep a value the same you multiply by $1.00$, to decrease a value the multiplier must be less than $1.00$.
If we are decreasing by $13$% ($0.13$) what should the multiplier be?