The mercedes s-class luxury vehicle depreciates by 32.4% after just one year. the starting price in 2015 was $70,000. what is the depreciation amount after one year for the mercedes s-class vehicle?

First we need to change the percentage to a decimal so that we are able to use it to solve for the depreciation amount. We do this by dividing by 100:



Now that we have the decimal form, we can multiply this decimal by the original amount of the vehicle:



So now we know that the depreciation amount for this Mercedes is $22,680.