depreciation

A brand new car that is originally valued at $25,000 depreciates by 8% per year. What is the value of the car after 6 years? The Book Value depreciates 8% per year. We set up a depreciation equation: BV(t) = BV(0) * (1 - 0.08)^t The Book Value at time 0 BV(0) = 25,000. We want the book value...

A car is purchased for $24,000 . Each year it loses 30% of its value. After how many years will the car be worth $7300 or less? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. Set up the depreciation equation D(t) where t is the number of years...

You purchase a car for $23,000. The car depreciates at a rate of 15% per year. Determine the value of the car after 7 years. Round your answer to the nearest cent. Set up the Depreciation equation: D(t) = 23,000/(1.15)^t We want D(7) D(7) = 23,000/(1.15)^7 D(7) = 23,000/2.66002 D(7) = 8,646.55

A laptop is purchased for $1700. After each year, the resale value decreases by 25%. What will be the resale value after 5 years? Let R(t) be the Resale value at time t: R(t) = 1,700(1 - 0.25)^t We want R(5) R(5) = 1,700(1 - 0.25)^5 R(5) =1,700(0.75)^5 R(5) =1,700 * 0.2373 R(5) = $403.42

The club uses the function S(t) = -4,500t + 54,000 to determine the salvage S(t) of a fertilizer blender t years after its purchase. How long will it take the blender to depreciate completely? Complete depreciation means the salvage value is 0. So S(t) = 0. We need to find t to make S(t) = 0...