Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

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 :

fireywolfa
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.
ReimiSugimoto

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.

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.