SOLUTION: The value V of an item after t years is given by the following formula,
assuming linear deppreciation,
V=C-Cry
Where C is the original cost and r is the rate of depreciation
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-> SOLUTION: The value V of an item after t years is given by the following formula,
assuming linear deppreciation,
V=C-Cry
Where C is the original cost and r is the rate of depreciation
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Question 1145681: The value V of an item after t years is given by the following formula,
assuming linear deppreciation,
V=C-Cry
Where C is the original cost and r is the rate of depreciation expressed as a decimal.
If you buy a car for 11,413 and it depreciated linearly at a rate of 14% per year, what will be it's value after 3 months?
Found answer to the nearest cent. Answer by ikleyn(52781) (Show Source):
