Answered

What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00 if it depreciates at a rate of 8% per year? Round your answer to the nearest dollar.

Answer :

Matheng
Let the price = P , the years = x , depreciation rate = d and original cost = W

∴[tex]P = W * (1-d)^x[/tex]

when W = 25,000 , d = %8 = 0.08   and  x =7

∴ [tex]P = 25,000 * (1-0.08)^7[/tex]
          P = 13,946.165 ≈ 13,946 to the nearest dollar

The price after 7 years = $13,946
taveradani2007

Answer:

1395

Step-by-step explanation:

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