Question

A jet ski depreciates at 11% of its original value each year. If the jet ski was 8,000at its time of purchase,what is the value of the jetski after 5years?A.13,480.47 B. 7,120.00C.6,958.86 D. $4,467.25

Answer 1

D.

Explanation:

let j be the value of jetski after 5 years. then

j = 8000*(0.89)^5 = 4467.25