IDNLearn.com: Your trusted source for accurate and reliable answers. Ask any question and get a thorough, accurate answer from our community of experienced professionals.
Sagot :
The equation which is used to determine the approximate current value of the car by the depreciation equation is,
[tex]y=25000(0.89)^6[/tex]
What is depreciation?
Depreciation is to decrease in the value of a product in a period of time. This can be given as,
[tex]y=A\left(1-{r}\right)^t[/tex]
Here,(y) is the current value, (A) is the original cost of the product, (r) is the rate of depreciation and (t) is the number of years.
Now the car was purchased 6 years ago. The original cost of the car is $25,000 and the annual depreciation rate is 11%.
The rate can be given as,
[tex]r=\dfrac{11}{100}\\r=0.11[/tex]
Thus, to find the equation can be used to determine the approximate current value of the car, put the values in the above formula as,
[tex]y=(25000)\left(1-{0.11}\right)^6\\y=25000(0.89)^6[/tex]
Hence, the equation which is used to determine the approximate current value of the car by the depreciation equation is,
[tex]y=25000(0.89)^6[/tex]
Learn more about the depreciation here;
https://brainly.com/question/25297296
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Thank you for visiting IDNLearn.com. We’re here to provide dependable answers, so visit us again soon.
