Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

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?

Sagot :

Answer : $4,400

Ex
11% each year
Total money $8000
How many years : 5
11% x 5 =0.55 or 55%
$8000 x 0.55 = $4400
I don’t know for sure but I hope this helps.

Answer:  $4467.25

Step-by-step explanation:

Exponential decay problem. 8000(0.89)^5.  

100-11 = 89

89/100= 0.89, that is how we got the decimal.

Then, solve.

0.89 * 0.89 * 0.89 * 0.89 * 0.89 = 0.5584059449

0.5584059449 * 8000 = 4467.2475592

Round the decimal part to the nearest hundredth, which is $4467.25.