A motorcycle costs $7,250. If it depreciates by 12% per year, how much will it be worth after one year?
Question
Solution 1
To calculate the value of the motorcycle after one year, you need to determine how much it depreciates by and then subtract that amount 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 Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
for 18000 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 14 years
A jet ski costs $3250 and decreases in value by 15% per year. How much will the jet ski be worth after 6 years?
A car is purchased for $31,000. Each year it loses 25% of its value. After how many years will the car be worth $6400 or less?
f an experimental solar equipment depreciates for tax purposes at a rate of 10% every10 years. What is its depreciated value at the end of 20 years?
A car purchased for $6000 depreciated $2000 the first year and $500 each of the following years. After how many years was the car worth $1500
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.