Example
You have bought a car $10,000 which depreciate at a 5% rate this year. Your car will be worth $$10000 \left( 1 - 0.05 \right) = \$9500$$
You have bought a car $10,000 which depreciate at a 5% rate this year. Your car will be worth $$10000 \left( 1 - 0.05 \right) = \$9500$$