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A motorcycle costs $7,250. If it depreciates by 12% per year, how much will it be worth after one year?

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Answer to a math question A motorcycle costs $7,250. If it depreciates by 12% per year, how much will it be worth after one year?

Expert avatar
Seamus
4.9
95 Answers
Solution:
1. Determine the initial cost of the motorcycle:
- Initial cost: 7,250 USD

2. Calculate the depreciation amount:
- Depreciation rate: 12\%
- Depreciation amount = 7,250 \times 0.12 = 870 USD

3. Calculate the motorcycle's worth after one year by subtracting the depreciation amount from the initial cost:
- Worth after one year = 7,250 - 870 = 6,380 USD

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