Tuhrell
Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Suppose that a piano costs $5,000 and loses 20% of its value each year. What will be the value of the piano after 16 years? A. $219.90 B. $274.88 C. $140.74 D. $175.92

Sagot :

tanyasingh21
The answer is c 140.74 bucks or pound
abiolataiwo2015

Based on the information given will be the value of the piano after 16 years is : C. $140.74.

Using this formula

Time=Principal(1-rate)^n

Where:

Principal=$5,000

Rate=20%

Number of year=16 years

Let plug in the formula

Time=5,000(1-0.20)^16

Time=5,000(.80)^16

Time=$140.737

Time= $140.74 (Approximately)

Inconclusion  the value of the piano after 16 years is : C. $140.74.

Learn more here: https://brainly.com/question/23565

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.