A jet ski depreciateseason at 11% of its original value each year. If the jest ski was $8,000 at its time of purchase, what is the value of the jet ski after 5 years?

Question

Sunny

Mathematics

15 October, 11:01

A jet ski depreciateseason at 11% of its original value each year. If the jest ski was $8,000 at its time of purchase, what is the value of the jet ski after 5 years?

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Aisha Taylor · Answer 1

Answer: $3,600

Step-by-step explanation:

Yearly depreciation is 11% of $8,000, which is $880.

5 years times $880 = $4,400.

Original price of $8,000 less depreciation of $4,400 leaves a book value of $3,600.