Question

Gwyneth buys a sports car $130,000. After a year, the value of the car has dropped to $105,300. What is the annual rate of depreciation, as a percent?

Answer 1

19%

Explanation:

Value depreciation=$130000-$105300=$24700

Percentage depreciation=
`\frac {24700* 100}{130000}=19%`

Therefore, the value of depreciation expressed as a percentage of the original value is 19%