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ad-work [718]
3 years ago
14

Lyle purchased a motorcycle for $13,430. It depreciates about 4.1% each year. What is the value of the motorcycle after seven ye

ars? $13,112.07 $9,575.59 $10,018.58 $17,792.26
Mathematics
1 answer:
erma4kov [3.2K]3 years ago
7 0

Answer:

\$10,018.58  

Step-by-step explanation:

we know that

The  formula to calculate the depreciated value  is equal to  

V=P(1-r)^{x}  

where  

V is the depreciated value  

P is the original value  

r is the rate of depreciation  in decimal  

x  is Number of Time Periods  

in this problem we have  

P=\$13,430\\r=4.1\%=0.041\\x=7\ years

substitute the values

V=\$13,430(1-0.041)^{7}=\$10,018.58  

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