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If a car's value depreciates by 15% and its original value was $20,000, what is

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Question: If a car\'s value depreciates by 15% and its original value was $20,000, what is its new value?

Options:

  1. 17000
  2. 18000
  3. 19000
  4. 16000

Correct Answer: 17000

Solution: 

Depreciation = 15% of $20,000 = $3,000. New value = $20,000 - $3,000 = $17,000.

If a car's value depreciates by 15% and its original value was $20,000, what is

Practice Questions

Q1
If a car's value depreciates by 15% and its original value was $20,000, what is its new value?
  1. 17000
  2. 18000
  3. 19000
  4. 16000

Questions & Step-by-Step Solutions

If a car's value depreciates by 15% and its original value was $20,000, what is its new value?
  • Step 1: Identify the original value of the car, which is $20,000.
  • Step 2: Calculate 15% of the original value. To do this, multiply $20,000 by 0.15.
  • Step 3: Perform the multiplication: $20,000 * 0.15 = $3,000. This is the amount the car depreciates.
  • Step 4: Subtract the depreciation amount from the original value. So, $20,000 - $3,000.
  • Step 5: Perform the subtraction: $20,000 - $3,000 = $17,000. This is the new value of the car.
  • Percentage Calculation – Understanding how to calculate a percentage of a value and apply it to find depreciation.
  • Subtraction – Performing basic subtraction to find the new value after depreciation.
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