A $25,000 purchase decreases 12% in value per year. Determine the values of the purchase after 3 years and after 7 years.

Mathematics

2 answers:

ziro4ka [17]3 years ago

7 0

After the 3 years, the depreciation amount is $2,323.20 and the value is $17,036.80
After the 7 years, the depreciation amount is $1,393.22 and the value is $10,217.05

choli [55]3 years ago

4 0

Use Socratic or slider

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