Alerts Wishlist Cart

A car's value depreciates by 10% each year. If its current value is $18,000, wha

Practice Questions

Q1
A car's value depreciates by 10% each year. If its current value is $18,000, what will be its value after one year?
  1. $16,200
  2. $15,000
  3. $14,400
  4. $17,000

Questions & Step-by-Step Solutions

A car's value depreciates by 10% each year. If its current value is $18,000, what will be its value after one year?
Correct Answer: 16200
  • Step 1: Identify the current value of the car, which is $18,000.
  • Step 2: Calculate 10% of the current value. To do this, multiply $18,000 by 0.1 (which is 10%).
  • Step 3: Perform the multiplication: 0.1 * 18000 = $1,800. This is the amount the car will depreciate.
  • Step 4: Subtract the depreciation amount from the current value. So, $18,000 - $1,800 = $16,200.
  • Step 5: The value of the car after one year will be $16,200.
  • Depreciation – Understanding how the value of an asset decreases over time, specifically through a percentage reduction.
  • Percentage Calculation – Calculating a percentage of a given value and applying it to find the new value after depreciation.
Biology (School & UG)
Biology (School & UG)
Chemistry (School & UG)
Chemistry (School & UG)
Civil Engineering
Civil Engineering
Commerce & Accountancy
Commerce & Accountancy
Computer Science & IT
Computer Science & IT
Current Affairs & GK
Current Affairs & GK
Data Structures & Algorithms
Data Structures & Algorithms
eBooks
eBooks
Electrical & Electronics Engineering
Electrical & Electronics Engineering
English (School)
English (School)
General Aptitude
General Aptitude
General Knowledge
General Knowledge
General Knowledge & Current Affairs
General Knowledge & Current Affairs
Languages & Literature
Languages & Literature
Law & Legal Studies
Law & Legal Studies
Major Competitive Exams
Major Competitive Exams
Mathematics (School)
Mathematics (School)
Mechanical Engineering
Mechanical Engineering
Medical Science
Medical Science
Physics (School & Undergraduate)
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Quantitative Aptitude & Reasoning
Social Science (School)
Social Science (School)
Technical
Technical
Verbal and Reasoning
Verbal and Reasoning
Vocational & Skill Development
Vocational & Skill Development
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely