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December 18, 2014

December 18, 2014

Posted by **anonymous** on Sunday, February 6, 2011 at 10:19pm.

a) find a linear depreciation function for this car.

b) estimate the value of the car 5 years from now

c.) at what rate is the car depreciating?

thanks in advance people!

- Math..urgent.pls help!:( -
**Reiny**, Sunday, February 6, 2011 at 10:47pmlet the rate of depreciation be r

8950 = 16615(1+r)^4

.5386699 = (1+r)^4

take 4th root

.8567 = 1+r

r = -.1432

so the annual rate of depreciation is 14.32%

in 5 years

value = 16615(1-.1432)^5 = 7667

- Math..urgent.pls help!:( -
**anonymous**, Sunday, February 6, 2011 at 10:59pmthank you for the help!!

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