Question

How much is a $26,000 automobile car worth after 1 year if the depreciation is 15% per year

Answer 1

The worth of the automobile after an year with 15% depreciation is $22,100.

Explanation:

The current cost of the automobile car = $26,000

The percentage of depreciation = 15%

Now, calculating the depreciated amount:

15% of $26,000 =
`(15)/(100)  * 26,000 = 3,900`

So, the depreciated amount of the car in the next year = $3,900.

Now, the worth of the car after an year

= CURRENT WORTH - THE DEPRECIATED AMOUNT

= $26,000 - $3,900.

= $22,100

Hence, the worth of the automobile after an year is $22,100.