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jawaidshaikh67
jawaidshaikh67 jawaidshaikh67
  • 20-06-2014
  • Mathematics
Answered

a new motor home costs $89000. It is expected to depreciate 9% each year.Find the value of the motor home in 4 years.

Verified Answer :

Ryan2
Ryan2 Ryan2
  • 08-07-2014

The function which represents the situation is:

\(\boxed{y=89000*(0.91)^t}\)

where t is the time in years and y is the depreciated value of the motor.

In 4 yars value will depreciated to:

\(y=89000(0.91)^4\\ \\ y=89000(0.6857)\\ \\ \boxed{y=US\$ \ 61031.71}\)

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