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brinson1k
23.04.2020 •
Mathematics
You purchased a vehicle for 32,000. It's value will depreciate at a rate of 18.62%. What will it's value be in 5 years, when you finally have it paid off
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Ответ:
$11421.90
Step-by-step explanation:
For a property worth Principal, P which depreciates at a rate of r% for a period of n years, the value is given by the formula:
Value=P(1-r)ⁿ
For the Car,
Purchase Price, P=$32000
Depreciation Rate=18.62%=0.1862
Time, n=5 years
Therefore the worth of the car after 5 years =32000(1-0.1862)⁵
=32000(0.8138)⁵
=$11421.90
Ответ: