mandapanda08 mandapanda08

06-05-2017
Mathematics

contestada

Luke purchased a motorcycle for $8765. It depreciates about 5.3% each yeah. What is the value of the motorcycle after five years?

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TheReaper117 TheReaper117

06-05-2017

After 5 years, the value of this motorcycle is $6675.77

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mreijepatmat mreijepatmat

06-05-2017

The formula is to find the salvage value or the remaining value after depreciation of n year at the rate I

Salvage value = Purchase price (1- I%)^n

Salvage Val = 8765(1-5.3%)^5 = $6,675.77

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