jaelynjones2 jaelynjones2
  • 23-02-2022
  • Mathematics
contestada

A piece of equipment costs $85,000 new but depreciates 15% each succeeding year.

Find its value after 10 years.

Respuesta :

Snor1ax
Snor1ax Snor1ax
  • 23-02-2022

Answer: $16,734.32

Step-by-step explanation:

Make an exponential equation where y represents the price of the equipment and x represents the number of years

y = 85,000(1 - 0.15)^x

y = 85,000(0.85)^10

y = 16,734.32

Therefore, the price of the equipment after 10 years will be $16,734.32

Answer Link
creelcamryn creelcamryn
  • 23-02-2022
16,734.34 is the answer
Answer Link

Otras preguntas

Given: O is the midpoint of line MN OM=OW Prove: OW=ON
Given: O is the midpoint of line MN OM=OW Prove: OW=ON
Why might a dictatorship hold an election? How was their elections differ from our elections
What are 10 abiotic factors of the amazon rainforest?
Solve -4(x + 1) - 3 = -3(x - 4)
Opposite of dreamy eyed
Pens cost 95 cent each or 9.95 dollars for a dozens. what is the least possible cost in a dollars of 40 pens
A rectangular parcel of land has an area of 7,000 ft2. A diagonal between opposite corners is measured to be 10 ft longer than one side of the parcel. What are
rob colored one fourth of a rectangle what is another way to name one fourth
How did the renaissance pave the way for the scientific revolution?