You have a machine that depreciates from $9600 to $8160 in one year, this can be represented by: Original price - original price*percentage decrease = depreciated amount which is: 9600 - 9600x = 8160 Subtract 9600 from both sides: -9600x = -1440 Divive by -9600: x = 1440/9600 = 0.15 Convert to percentage: 0.15*100 = 15% The machine depreciates by 15% in one year.
Amount depreciated : 9600 - 8160 = 1440 Percent depreciated : 1440/9600 * 100 = 15%
