Answer:
and the graph would fall at a slower rate to the right
Step-by-step explanation:
we have
Observing the graph
The initial value Ao of the truck is equal to the y-coordinate of the y-intercept of the graph
so
If the depreciation rate was 15% per year, the new formula would be
----> the graph would fall at a slower rate to the right
using a graphing tool
compare the graphs
Answer:
$119520
Step-by-step explanation:
Given: Purchase price of Diamond ring= $12000
Value of ring increase by 32% each year.
First finding number of year between 2012 and 2040, to know the time period of value appreciation.
Time period=
∴ Time period of value appreciation is 28 years.
Now, finding the value of diamond ring increased after 28 years.
Value of ring increased after 28 years=
∴ Increased value of diamond ring after 28 years= $107520
Next, Value of diamond ring after 28 years=
Hence, value of diamond ring in 2040 is $119520