A new 2018 Honda Accord was valued at $25,000. Itdeprecistes at a rate of 13% a year what is the value in 2034

Mathematics

1 answer:

Paladinen [302]4 years ago

5 0

<h3>Therefore the value of Honda Accord in 2034 is $2,693.07</h3>

Step-by-step explanation:

Given a new 2018 Honda Accord was valued at$ 25,000. It depreciates at a rate of 13%a year.

Time (n) = 16 year , P =$25,000 and r = 13%

Amount $A = P(1-\frac{r}{100} )^n$

=$ $25,000(1-\frac{13}{100})^{16}$

=$ $2,693.07$

Therefore the value of Honda Accord in 2034 is $2,693.07

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dangina [55]

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Step-by-step explanation:

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