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A car's value depreciates by 10% each year. If its current value is $9000, what
A car's value depreciates by 10% each year. If its current value is $9000, what will be its value after one year?
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A car's value depreciates by 10% each year. If its current value is $9000, what will be its value after one year?
$8100
$8200
$8300
$8400
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Depreciation = 10% of 9000 = 0.1 * 9000 = 900. Value after one year = 9000 - 900 = 8100.
Questions & Step-by-step Solutions
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Q
Q: A car's value depreciates by 10% each year. If its current value is $9000, what will be its value after one year?
Solution:
Depreciation = 10% of 9000 = 0.1 * 9000 = 900. Value after one year = 9000 - 900 = 8100.
Steps: 5
Show Steps
Step 1: Identify the current value of the car, which is $9000.
Step 2: Calculate 10% of the current value. To do this, multiply 9000 by 0.1 (which is the decimal form of 10%).
Step 3: Perform the multiplication: 0.1 * 9000 = 900. This is the amount the car will depreciate.
Step 4: Subtract the depreciation amount from the current value. So, $9000 - $900 = $8100.
Step 5: The value of the car after one year will be $8100.
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