StudyGPT Just Leveled Up – Say Hello to Knowee! 🚀
Knowee
Questions
Features
Study Tools

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

Question

🧐 Not the exact question you are looking for?Go ask a question

Solution

To calculate the value of the motorcycle after one year, you need to find out how much it depreciates by and then subtract that from the original cost.

Step 1: Calculate the depreciation amount The motorcycle depreciates by 12% per year. So, you multiply the original cost of the motorcycle by the depreciation rate: 7,25012/100=7,250 * 12/100 = 870

Step 2: Subtract the depreciation amount from the original cost Now, subtract the depreciation amount from the original cost to find out how much the motorcycle is worth after one year: 7,2507,250 - 870 = $6,380

So, the motorcycle will be worth $6,380 after one year.

This problem has been solved

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.