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2 years ago

5

Eileen purchased a dishwasher for $750. It depreciates about 0.9% each year. What is the value of the dishwasher after seven yea

rs? (2 points) a $798.55 b $743.25 c $746.07 d $704.01

1 answer:

klasskru [66]2 years ago

4 0

Depreciation formula: starting value x (1 - percent of decrease)^years

Change 0.9% to a fraction by dividing by 100:

0.9/100 = 0.009

750 x (1-0.009)^7

750 x 0.991^7 = $704.01

The answer is $704.01

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