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6 August, 23:59

The value of a treadmill bought new for $1000 decreases 5% each year. Use a graph to predict the value of the treadmill in 5 years.

A) ≈ $773.78

B) ≈ $857.38

C) ≈ $902.50

D) ≈ $814.50

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Answers (1)
  1. 7 August, 00:12
    0
    The formula is

    V (t) = V0 (1-r) ^t

    V (t) ?

    V0 1000

    R 0.05

    T 5 years

    V (5) = 1,000 * (1-0.05) ^ (5) = 773.78
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