Friday

March 27, 2015

March 27, 2015

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!!

**Answer this Question**

**Related Questions**

math - you purchase an suv for $26,000. A year later the car is worth only $24,...

Algebra - Three years after purchase, a car is estimated to be worth $24,000. At...

Pre-Calculus - A machine worth $ 11000 new and having a scrap value of $ 10995.6...

Math - The depreciation rate, r, for a $50,000 news car is given by the function...

calculus - a small business owner buys a truck for $20,000 to transport supplies...

Precalculus - A small business owner buys a truck for $20,000 to transport ...

math - The value of a car decreases at a constant rate as it grows older. When ...

Math - A company replaces their cars every 6 years. A car is worth $13520 after ...

math - Value of a new car depreciates at a rate of 12% per year. It is worth $23...

math - A rule of thumb used by car dealers is that the trade-in value of a car ...