CPM Homework Help : INT1 Problem 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?

Hint:

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

More Help:

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?