Initial cost of the jet ski = $925
Percentage of depreciation per year = 15%
Number of years after which the cost of the jetski has to be determined = 7
Then
Depreciated Value = Initial cost( 1 - percentage of depreciation) ^number of years
= 925( 1 - 15%)^7
= 925( 1 - 15/100)^7
= 925(1 - 0.15)^7
= 925(0.85)^7
= 925 *(0.85)^7
= 925 * 0.3206
= 296.53 dollars
So the depreciated cost of the jet ski after 7 years will be $296.53
I believe u can put 5 books on there
The answer to the problem is as follows:
We can convert 4.5% into a decimal form by moving the decimal to the left two places. This becomes: .045
<span>63.20 x .045 = $2.84
</span>I hope my answer has come to your help. God bless and have a nice day ahead!
