Question

After a 15% depreciation on a car that I have purchased for $2,000, the new value of the car is now?

Answer 1

$1,700

Explanation:

The answer is $1,700. To solve the problem, we have the change 15% into a decimal which would be (.15). Then we multiply 2,000 by (.15) which is shown below.

(2,000) x (.15) = 300

300 is the amount the car has depreciated. The new value of the car is found by subtracting 300 from 2,000.

2,000 - 300 = 1,700

The car value is now $1,700.