Find the simple interest on $1500 for 5 years at 3.5%
2 answers:
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Original price = P = $12,698
Depreciation rate = r = 11% = 0.11
Time in years = t = 3
New price = A
The formula used will be:
Using the values, we get:
Thus, the worth of Suzuki after 3 years will be $8951.70
Depreciation rate = r = 11% = 0.11
Time in years = t = 3
New price = A
The formula used will be:
Using the values, we get:
Thus, the worth of Suzuki after 3 years will be $8951.70