Question

Bruce bought his car for $24,380. It is expected to depreciate an average of 14% each year during the first 6 years.

Answer 1

14% of 24,380 is 3413.2 that's is going to be the devaluation each year.
24,380 x .14 = 3413.2
Then you need to multiply 3413.2. X 6 which is the amount of years he is going to use the car and that's going to be equal to 20479.2
So 24,380 - 20,479 = 3900.8 which is going to be the value of the car in 6 years