Question

Wes bought a conference table for $960. what is it worth after depreciating at a rate of 12% per year for 4 years?

Answer 1

Answer:

$594.03

Step-by-step explanation:

Using the exponential function;

A = Pe^-rt

Principal = $960

Rate r = 12% = 0.12

Time t = 4years

Substitute

A = 960e^-(0.12*)*4

A = 960e^-0.48

A = 960(0.61878)

A = 594.03

HEnce the worth after 4years will be $594.03