Suppose you buy a phone for $200 and its value depreciates linearly. If the phone is worth $115 after four years, then what is t
he phones value after six year
1 answer:
Answer:
$72.5
Step-by-step explanation:
- Initial value = $200
- Depreciated value after 4 years = $115
<u>Since depreciation rate is linear, then:</u>
- 200 - 4x = 115
- 4x = 200 - 115
- 4x = 85
- x = 85/4
- x = 21.25
<u>Value after 6 years:</u>
- 200 - 6*21.25 = 200 - 127.5 = $72.5
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Step-by-step explanation:
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