A new car depreciates an average of 22% in its first year of use. If the car was worth $16,000 when it was new, what will the car be worth after 1 year?
2007-04-22 06:56:38 · 8 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
16000(.22)=3520
16000-3520=12480
2007-04-22 07:05:59 · answer #1 · answered by malasunas 3 · 0⤊ 1⤋
Find the amount when the base and percent are known.
Amount = base x percent
first convert 22% to decimal
Remove the % symbol. Divide 22 by 100
22 / 100 = 0.22
Multiply 16000 times the decimal
16000 x 0.22 = 3520
The amount = 3520
The amount of depreciation is $ 3520 the first year
The cost of the car is $ 12480
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2007-04-22 09:14:12 · answer #2 · answered by SAMUEL D 7 · 0⤊ 0⤋
A $16,000.00 car depreciated by 22%, $3,520.00. After 1 year car is worth $12,480.
2007-04-22 07:05:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
$16,000 X (100% - 22%) = 10000 X .78 = $12,480
2007-04-22 07:00:48 · answer #4 · answered by John S 6 · 0⤊ 0⤋
It will be worth 22% less than when it was new.
2007-04-22 07:00:26 · answer #5 · answered by Anonymous · 1⤊ 0⤋
The decrease x by y%.
x-y/100*x
Or if you are not using BODMAS rule or something similar
x-(y/100*x)
2007-04-22 07:08:04 · answer #6 · answered by serialcoyote 4 · 0⤊ 0⤋
16000 * .22 = 3520
subtracting from 16000...
equals..
$12480
2007-04-22 07:00:43 · answer #7 · answered by cutting_edge 3 · 0⤊ 1⤋
$16000 - (16000X0.22)
there's your answer.
you should do your own math homework :)
2007-04-22 07:00:59 · answer #8 · answered by HCC 2 · 0⤊ 0⤋