The general equation for depreciation is given by y = A(1 – r)t, where y = current value, A = original cost, r = rate of depreci

Question

3 years ago

11

The general equation for depreciation is given by y = A(1 – r)t, where y = current value, A = original cost, r = rate of depreci

ation, and t = time, in years. A car was purchased 6 years ago for $25,000. If the annual depreciation rate is 11%, which equation can be used to determine the approximate current value of the car?

Mathematics

1 answer:

Lesechka [4] · Answer 1 · 2022-12-11T21:42:14+03:00

Lesechka [4]3 years ago

4 0

Answer:

y=25,000(0.89)^6

Step-by-step explanation: