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.

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asked Mar 1, 2018 76.4k views

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

Mathematics
high-school

AVee asked

by AVee

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2 Answers

5 votes

Answer:

$4,467.25

Explanation:

I got it right on the test.

Tassilo Horn answered Mar 3, 2018

by Tassilo Horn

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7 votes

A =8000(1-.11)^5
The answer is D.
This is an exponential decay problem

Clopez answered Mar 7, 2018

by Clopez

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