Ask Question
1 September, 18:39

A car that costs $52,400 depreciates at the rate of 9.8% every year. how much in total, to the nearest cent, will the car depreciate after 10 years?

+2
Answers (1)
  1. 1 September, 19:52
    0
    Use depreciation formula:

    F=P (1-i) ^n

    where

    F=future value

    P=present value=52400

    i=annual depreciation rate=9.8%=0.098

    n=number of years.=10

    Future value,

    F=52400 (0.902) ^10

    =52400*.0.3565

    =$18680.85 (depreciated value after 10 years)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A car that costs $52,400 depreciates at the rate of 9.8% every year. how much in total, to the nearest cent, will the car depreciate after ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers