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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?

A$13,480.47
B$7,120.00
C$6,958.86
D$4,467.25

Verified Answer :

bcalle

A =8000(1-.11)^5
The answer is D.
This is an exponential decay problem

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