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

Question

Casey Valentine

14 October, 14:23

+5

Answers (1)

Know the Answer?

Trevor Ortiz · Answer 1

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

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) ≈ $773.78B) ≈ $857.38C) ≈ $902.50D) ≈ $814.50