SOLUTION: Need an equation for depreciation of a refrigerator which original value is $950.00 and depreciates $50.00 per year (answer after 5 years is $700)

Question 753991: Need an equation for depreciation of a refrigerator which original value is $950.00 and depreciates $50.00 per year (answer after 5 years is $700)
Found 2 solutions by Alan3354, josmiceli:
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Need an equation for depreciation of a refrigerator which original value is $950.00 and depreciates $50.00 per year (answer after 5 years is $700)
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Value = 950 - 50y, y in years
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The depreciation = 50y, y in years.
Your answer doesn't match your question.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = number of years after
refrigerator is bought
Let = depreciated value after years

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