Register
A vehicle purchased for $32500 depreciates at a constant rate of 5% per year. Determine the approximate value of the vehicle 15 years after purchase.
61.0k views
22 votes
A vehicle purchased for $32500 depreciates at a constant rate of 5% per year. Determine the approximate

value of the vehicle 15 years after purchase.

User Uttam Panchasara
by
5.3k points

1 Answer

5 votes

Answer:

$8125

Explanation:

Depreciation value=(32500×.05×15)

Depreciation value=$24375

Approximate value after 15years=$32500-$24375

=$8125

User Soroush Falahati
by
5.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.8m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Ten gallons of paint were poured into two containers of different sizes. Use one variable to express the amount poured into each container
Use the normal model ​n(11371137​,9696​) for the weights of steers. ​a) what weight represents the 3737thth ​percentile? ​b) what weight represents the 9999thth ​percentile? ​c) what's the iqr of the weights
What is the value of x? (-4) - x = 5
Link Copied!