Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

A vehicle purchased for $
27500
depreciates at a constant rate of
6
%.

Determine the approximate value of the vehicle
15
years after purchase.

Sagot :

clarch19

Answer:

$10,870

Step-by-step explanation:

we can multiply the initial value (27500) by (1-.06), or 0.94, raised to the 15th power

27500(.94)^15 = 10,870.52

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.