Question
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?
Seamus
4.995 Answers
Solution:
1. Determine the initial cost of the motorcycle:
- Initial cost:7,250
2. Calculate the depreciation amount:
- Depreciation rate:12\%
- Depreciation amount =7,250 \times 0.12 = 870
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
1. Determine the initial cost of the motorcycle:
- Initial cost:
2. Calculate the depreciation amount:
- Depreciation rate:
- Depreciation amount =
3. Calculate the motorcycle's worth after one year by subtracting the depreciation amount from the initial cost:
- Worth after one year =
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