How to calculate car value after percentage depreciation over time?
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A new car loses approx. % of its value within a year. If I bought the car for $ ...
How much will it be worth after a year?
Calculation type: Calculating the value after a percentage decrease.
Calculator usage:
Step 1: Calculate the amount of depreciation. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the depreciation percentage as X (15) and the original car price as Y ($80000). The calculator will calculate 15% of $80000.
Step 2: Subtract the depreciation amount calculated in Step 1 from the original car price.
Explanation using a formula:
We are looking for the car's value after one year, when it loses 15% of its value from $80000.
Depreciation = (15 / 100) × $80000 = 0.15 × $80000 = $12000
Value after one year = $80000 - $12000 = $68000
Calculator usage:
Step 1: Calculate the amount of depreciation. Use the Basic Percentage CALCULATOR ("What is X% of Y?"). Enter the depreciation percentage as X (15) and the original car price as Y ($80000). The calculator will calculate 15% of $80000.
Step 2: Subtract the depreciation amount calculated in Step 1 from the original car price.
Explanation using a formula:
We are looking for the car's value after one year, when it loses 15% of its value from $80000.
Depreciation = (15 / 100) × $80000 = 0.15 × $80000 = $12000
Value after one year = $80000 - $12000 = $68000
Answer: The car will be worth $ after one year.