Alerts Wishlist Cart

A car's value depreciates by 15% each year. If the current value is $20,000, wha

Practice Questions

Q1
A car's value depreciates by 15% each year. If the current value is $20,000, what will be its value after one year?
  1. $17,000
  2. $18,000
  3. $19,000
  4. $16,500

Questions & Step-by-Step Solutions

A car's value depreciates by 15% each year. If the current value is $20,000, what will be its value after one year?
Correct Answer: $17,000
  • Step 1: Identify the current value of the car, which is $20,000.
  • Step 2: Calculate 15% of the current 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 current value. So, $20,000 - $3,000 = $17,000.
  • Step 5: The value of the car after one year is $17,000.
  • Depreciation Calculation – Understanding how to calculate the depreciation of an asset based on a percentage of its current value.
  • Percentage Reduction – Applying percentage reduction 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