1. Number and Algebra
Depreciation And Appreciation — Quiz
Test your understanding of depreciation and appreciation with 5 practice questions.
Practice Questions
Question 1
What does depreciation mean in the context of a car or other asset?
Question 2
What does appreciation mean in the context of an asset such as property or artwork?
Question 3
An item is worth $1000$ and depreciates by $10\%$ in one year. What is its value after one year?
Question 4
A house is worth $250000$ and appreciates by $4\%$ in one year. What is its value after one year?
Question 5
Which formula shows a value $V$ after $n$ years of annual depreciation at a rate of $r$?