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25 POINTS!!!!!! A jet ski depreciates at 11% of its original value each year. If the jet ski was $8,000 at its time of purchase, what is the value of the jet ski after 5 years? …

25 POINTS!!!!!! A jet ski depreciates at 11% of its original value each year. If the jet ski was $8,000 at its time of purchase, what is the value of the jet ski after 5 years? …
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4 votes
25 POINTS!!!!!!

A jet ski depreciates at 11% of its original value each year. If the jet ski was $8,000 at its time of purchase, what is the value of the jet ski after 5 years?

A. $13,480.47
B. $7,120.00
C. $6,958.86
D. $4,467.25

User AVee
by
8.6k points

2 Answers

5 votes

Answer:

$4,467.25

Explanation:

I got it right on the test.

User Tassilo Horn
by
8.3k points
7 votes
A =8000(1-.11)^5
The answer is D.
This is an exponential decay problem
User Clopez
by
8.6k points
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