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