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IRISSAK [1]
3 years ago
9

WILL MARK AS BRAINLIEST

Mathematics
1 answer:
PSYCHO15rus [73]3 years ago
3 0

Answer: The value of the stove after 5 years  is $1121.54


Step-by-step explanation:

Given: The price of stove A=  $1150

The price depreciates about 0.5% each year.

In decimal the rate of depreciation r= 0.005

The value of the stove after x years is given by

P=A(1-r)^x

The value of the stove after 5 years is given by

P=1150(1-0.005)^5\\=1150(0.995)^5\\=1150(0.975248)\\=1121.5360

Hence, The value of the stove after 5 years is $1121.54.



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Answer:

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