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2 answers:
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Step-by-step explanation:
This problem on depreciation of price.
Given data
initial price = $18,250
rate of depreciation = 11%
to solve for the new price we must find 11 percent of the initial price (depreciated value) and subtract from the initial price, we have
depreciation=
Hence the depreciation= $2007.50
the new amount is
the new amount is $16242.50
The answer is 240.
25% =
Instead of multiplying the % with the number, we will be dividing.
Multiply the reciprocal of the % with 60 and that would be your answer.