Question
A motorcycle costs $7,250. If it depreciates by 12% per year, how much will it be worth after one year?
253
likes1267 views
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
4.998 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 =
Frequently asked questions (FAQs)
What is the mean, mode, median, range, and average of the following data set: 6, 8, 10, 11, 12, 15, 15?
+
Question: In triangle ABC, if angle A is congruent to angle B, and side AC is congruent to side BC, what can be concluded about the triangle?
+
What is the measure of an angle formed by a tangent and a chord intersecting outside a circle?
+
New questions in Mathematics