Elsa and two of her closest friends went out to dinner to celebrate Elsaś birthday. The bill for dinner totaled $74.80. If they
1 answer:
You might be interested in
Answer:
The value of the car after 5 years is $ 13,035 to the nearest dollar.
Step-by-step explanation:
The formula for depreciation is
where is the beginning price of the asset,
is the annual rate of depreciation written as a decimal,
is the number of years, and V is the value after t years.
Now substitute all these values into the formula to get,
This simplifies to,
The value of the car after 5 years is $ 13,035 to the nearest dollar.