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2 years ago

Can u guys PLEASE answer the depreciation question ASAP. THIS IS URGENT!

Mathematics

2 answers:

Furkat [3]2 years ago

8 0

Answer: the value of the car after 7 years is $11220

Step-by-step explanation:

The formula for determining depreciation is expressed as

A = P(1 - r)^t

Where

A represents the final value of the car after t years.

P represents the present value of the car.

r represents the rate of depreciation

t represents the number of years.

From the information given

P = 35000

r = 15% = 15/100 = 0.15

t = 7 years

Therefore,

A = 35000(1 - 0.15)^7

A = 35000(0.85)^7

A = 11220.198

Rounding up yo the nearest dollar, it becomes $11220

kifflom [539]2 years ago

6 0

Answer:

Step-by-step explanation:

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