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alekssr [168]
3 years ago
7

A jet ski costs $925 and depreciates by 15% each year. How much will

Mathematics
1 answer:
ivann1987 [24]3 years ago
6 0
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
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