Marc Bought a New Car Last Year for $10,000

question 86

Multiple Choice

Marc bought a new car last year for $10,000.He can now sell the car for $8,500.To buy this year's model of the same car he would have to pay $11,000.What is the one-year amount of economic depreciation?

• A)$2,500
• B)$1,500
• C)$1,000
• D)$10,000
• E)$3,500

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Definitions:

Suffix

A morpheme added at the end of a word to form a derivative, e.g., -tion, -sion, -ness.

Formation

The process of developing or being formed; in biology, it often refers to the way cells or tissues are created and organized.

Profuse Sweating

Excessive perspiration often due to heat, physical exertion, or medical conditions.

Diaphoresis

Excessive sweating, often a symptom of an underlying medical condition or physical exertion.