Ask Question
10 December, 03:28

The formula for finding the present value of an item that depreciates yearly is v = c - crt. In this formula, v is the present value, c is the original cost, r is the rate of depreciation per year, and t is the number of years that have passed. After 7 years, what is the value of a car originally costing $27,000 that depreciated at a rate of 0.1 per year

+1
Answers (1)
  1. 10 December, 03:48
    0
    The value would be $8100.

    Using the formula and substituting our known information, we have:

    v = 27000 - 27000 (0.1) (7)

    v = 27000 - 18900

    v = 8100
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The formula for finding the present value of an item that depreciates yearly is v = c - crt. In this formula, v is the present value, c is ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers