What is the answer? and how would I solve this problem? (1+5)×(7−3)
2 answers:
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Answer: The value of the stove after 5 years is $1121.54
Step-by-step explanation:
Given: The price of stove A= $1150
The price depreciates about 0.5% each year.
In decimal the rate of depreciation r= 0.005
The value of the stove after x years is given by
The value of the stove after 5 years is given by
Hence, The value of the stove after 5 years is $1121.54.