Question

He Mercedes S-Class luxury vehicle depreciates by 32.4% after just one year. The starting price in 2015 was $70,000.

Answer 1

 the depreciation amount after one year for the Mercedes S-Class vehicle is $22,680 .

Step-by-step explanation:

Here we have , he Mercedes S-Class luxury vehicle depreciates by 32.4% after just one year. The starting price in 2015 was $70,000. We need to find What is the depreciation amount after one year for the Mercedes S-Class vehicle. Let's find out:

The starting price in 2015 was $70,000 , let's find price after one year i.e. in 2016 when Mercedes S-Class luxury vehicle depreciates by 32.4%  ,According to question following equation is framed as :

⇒ $Price - \frac{Price(32.4)}{100}$

⇒ $70,000 - \frac{70,000(32.4)}{100}$

⇒ $70,000 - 700(32.4)$

⇒ $70,000 - 22,680$

⇒ $\ 47,320$

Therefore ,  the depreciation amount after one year for the Mercedes S-Class vehicle is $22,680 .