a 2014 mustang originally costs $25000.00 and depreciates at a rate of 8% per year. What is the cost of the car after 7 years?
1 answer:
$11,000 will bet the cost in 7 years
Given:
Original cost: $25,000
Depreciation rate: 8%
Term: 7 years
Formula for Depreciation:
A = C ( 1 - ( r ) (t) )
A = Future Value
C = Original Cost
r = rate
t = term
Solution:
Substitute the given values to the formula for depreciation.
A = $25,000( 1 - ( 0.08)(7))
A = $25,000( 1 - .56 )
A = $25,000(0.44 )
A = $11,000
You might be interested in
Answer:
minimum level of stock
The answer is
3^66483360316461674016
Answer:
0 because they cancel out :D
The first step would be to add 7 to both sides.
3n-7=30
add 7
3n=37
divide by 3
n=12.33
Answer:
17 is the answer
Step-by-step explanation:
