jaelynjones2 jaelynjones2
  • 23-02-2022
  • Mathematics
contestada

A piece of equipment costs $85,000 new but depreciates 15% each succeeding year.

Find its value after 10 years.

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Snor1ax
Snor1ax Snor1ax
  • 23-02-2022

Answer: $16,734.32

Step-by-step explanation:

Make an exponential equation where y represents the price of the equipment and x represents the number of years

y = 85,000(1 - 0.15)^x

y = 85,000(0.85)^10

y = 16,734.32

Therefore, the price of the equipment after 10 years will be $16,734.32

Answer Link
creelcamryn creelcamryn
  • 23-02-2022
16,734.34 is the answer
Answer Link

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