Saturday

January 31, 2015

January 31, 2015

Posted by **Kayla** on Thursday, November 22, 2012 at 7:21pm.

a) What is the depreciation rate for a $50,000 BMW that is worth $28,000 after 5 years? (I already found the answer to this: 10.95%)

b) Write V as a function of r (Help me answer this part!)

Thank you!

- Math -
**Damon**, Thursday, November 22, 2012 at 7:46pm(V/50,000)^(1/5) = 1-r

V/50,000 = (1-r)^5

V = 50,000 (1-r)^5

- Math -
**Steph**, Thursday, November 22, 2012 at 7:56pmWhat did you do with the exponent?

- Math -
**Anonymous**, Thursday, November 22, 2012 at 7:59pmhow do you do part a?

- Math -
**Damon**, Thursday, November 22, 2012 at 8:15pmSteph, I raised both sides of the equation to the fifth power.

- Math -
**Damon**, Thursday, November 22, 2012 at 8:18pmAnonymous

r = 1 - (28/50)^.2

= 1 - .56^.2

= 1 - .89

= .1095 or 10.95%

- Math -
**Anonymous**, Thursday, November 22, 2012 at 8:22pmThank you!!

**Answer this Question**

**Related Questions**

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

more logarithms help! - the depreciated value, V, of a car can be calculated ...

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

math - The value of a $20,000 car decreases every, t. The equation below model ...

math - Help - The value of a $20,000 car decreases every year, t. The equation ...

math - a car depreciates in by avalue of $1000 per year. The original value of ...

accounting - Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +...

math - mr jones buys a new car for $50,000. the car decreases in value at the ...

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

Accounting - The company’s fiscal year ends on December 31. Using the following...