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Elliot’s dad bought a new car for $ in . Elliot read that a new car loses about % of its value each year. What is the multiplier for this situation? Homework Help ✎

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

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