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allsm [11]
3 years ago
11

The value of a treadmill bought new for $1000 decreases 5% each year. Use a graph to predict the value of the treadmill in 5 yea

rs.
A) ≈ $773.78
B) ≈ $857.38
C) ≈ $902.50
D) ≈ $814.50
Mathematics
1 answer:
Georgia [21]3 years ago
6 0
The formula is
V (t)=V0 (1-r)^t
V (t)?
V0 1000
R 0.05
T 5 years

V (5)=1,000×(1−0.05)^(5)=773.78
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Both ratios reduce to the same ratio 3/50, so the restocking fee is proportional.

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For the $200, the restocking fee is $12, so the ratio of the restocking fee to the price of the item is 12/200.

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