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kicyunya [14]
4 years ago
12

The Mercedes S class luxury vehicle depreciates by 32.4% after just one year. the starting price in 2015 was $70,000 what is the

depreciation amount after one year for the Mercedes S class vehicle
Mathematics
2 answers:
alekssr [168]4 years ago
8 0
According to formula
P(1 - R/100)^ T
P =PRICE
R =RATE OF DEPRECIATION
T= TIME
answer is $47320
Mashutka [201]4 years ago
8 0

$ 22680

depreciation factor = \frac{32.4}{10} = 0.324

depreciation in 1 year = 0.324 × $ 70000 = $ 22680


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