If a car’s value depreciates by 15% each year and is currently worth $10,000, what will its value be after one year?

To determine the value of the car after one year with a depreciation rate of 15%, you need to calculate 15% of the current value and then subtract that amount from the original value.

The current value of the car is $10,000. To find 15% of this value, multiply:

15% of $10,000 = 0.15 × 10,000 = $1,500.

Now, subtract this depreciation from the original value:

$10,000 - $1,500 = $8,500.

Therefore, after one year, the value of the car will be $8,500. This calculation correctly reflects the impact of the 15% annual depreciation on the car's value.