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Stolb23 [73]
3 years ago
6

A car that costs $52,400 depreciates at the rate of 9.8% every year. how much in total, to the nearest cent, will the car deprec

iate after 10 years?
Mathematics
1 answer:
valina [46]3 years ago
8 0
Use depreciation formula:
F=P(1-i)^n
where
F=future value
P=present value=52400
i=annual depreciation rate=9.8%=0.098
n=number of years.=10
Future value,
F=52400(0.902)^10
=52400*.0.3565
=$18680.85  (depreciated value after 10 years)


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Step-by-step explanation:

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