Concept explainers
a.
To solve.
a.
Answer to Problem 6P
$3,150
Explanation of Solution
Given information:
The value of a new $3500 sail boat decreases 10% per year. We have to find value after 1 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 1 year is,
b.
To solve.
b.
Answer to Problem 6P
$2,066.72
Explanation of Solution
Given information:
The value of a new $3500 sail boat decreases 10% per year. We have to find value after 5 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 5 year is,
c.
To solve.
c.
Answer to Problem 6P
$1220.37
Explanation of Solution
Given information:
The value of a new $3500 sail boat decreases 10% per year. We have to find value after 10 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 10 year is,
d.
To solve.
d.
Answer to Problem 6P
$425.52
Explanation of Solution
Given information:
The value of a new $3500 sail boat decreases 10% per year. We have to find value after 20 year.
We shall use the formula for value depreciation.
Where A is the final value and P is initial value and ris rate at which the amount depreciates.
Worth after 20 year is,
Chapter 10 Solutions
Algebra and Trigonometry: Structure and Method, Book 2
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