Understanding Percent Change

The video tutorial explains how to calculate the percent change in the value of a car that decreased from $20,000 to $16,000 over one year. It outlines the steps to find the percent change: calculate the difference between the new and old values, divide by the old value, multiply by 100, and add a percent sign. The tutorial demonstrates that the car's value decreased by 20%, with the negative sign indicating a decrease.

What was the initial value of the car before it decreased?

• $22,000

• $20,000

• $18,000

• $16,000

Which of the following steps is NOT part of calculating the percent change?

• Add the old and new values

• Multiply by 100

• Divide the difference by the old value

• Subtract the new value from the old value

What is the difference between the old and new values of the car?

• $8,000

• $6,000

• $4,000

• $2,000

What is the percent change in the car's value?

• 10% increase

• 20% increase

• 10% decrease

• 20% decrease

What does a negative percent change indicate?

• An increase in value

• An error in calculation

• A decrease in value

• No change in value