A motorcycle cost $7,250. If it depreciates by 12% per year, how much will it be worth after one year?

To calculate how much the motorcycle will be worth after one year with a 12% depreciation, follow these steps:

1. **Determine the depreciation amount:**

   \[
   \text{Depreciation Amount} = 12\% \times 7,250 = 0.12 \times 7,250 = 870
   \]

2. **Subtract the depreciation amount from the original price:**

   \[
   \text{New Value} = 7,250 - 870 = 6,380
   \]

Thus, the motorcycle will be worth **$6,380** after one year.

Would you like more details or have any other questions?

Here are 5 related questions to consider:
1. What will the motorcycle be worth after 5 years?
2. How would you calculate the depreciation over multiple years?
3. What if the depreciation rate were 15% instead of 12%?
4. How does the formula change if depreciation is compounded annually?
5. How long will it take for the motorcycle to lose half of its value?

**Tip:** Depreciation typically follows an exponential decay pattern over multiple years, not just a linear one. Keep that in mind for longer periods!

Learn how to calculate the value of a motorcycle originally priced at $7,250 after 12% depreciation in one year. This problem covers key concepts in percentage and depreciation, showing the formula for finding the new value after depreciation. Suitable for students in Grades 6-8.

Math Problem Statement

Solution

Ask a new question for Free

By Image

Math Problem Analysis

Mathematical Concepts

Formulas

Theorems

Suitable Grade Level

Related Recommendation