Concept explainers
a.
To solve.
a.
Answer to Problem 5P
$10,000
Explanation of Solution
Given information:
The value of a new $12,500 automobile decreases 20% per year. We have to find value after 1 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 1 year is,
b.
To solve.
b.
Answer to Problem 5P
$8,000
Explanation of Solution
Given information:
The value of a new $12,500 automobile decreases 20% per year. We have to find value after 2 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 2 year is,
c.
To solve.
c.
Answer to Problem 5P
$6,400
Explanation of Solution
Given information:
The value of a new $12,500 automobile decreases 20% per year. We have to find value after 3 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 3 year is,
a.
To solve.
a.
Answer to Problem 5P
$1342.18
Explanation of Solution
Given information:
The value of a new $12,500 automobile decreases 20% per year. We have to find value after 10 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 10 year is,
Chapter 10 Solutions
Algebra and Trigonometry: Structure and Method, Book 2
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