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30 September, 15:29

A new truck costs $32,000 if the truck is worth 24,500 after three years write an explicit formula for the value of the car after "n" years

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  1. 30 September, 15:53
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    Step-by-step explanation:

    depreciation for three years = 32000 - 24500 = $ 7500

    depreciation per year = 7500/3 = $ 2500

    depreciation % = (2500/32000) * 100 = 7.81%

    Value of truck after n years = 32000 * (7.81%) * n
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