Question

computer valued at $6500 in 2007 depreciates at the rate of 14.3% per year.

Answer 1

Answer:

Here,

initial price (p)=$6500

Time from 2007 to 2020 (t)= 13yrs.

rate (r)=14.3%

now,

$present \: price \: (pt) = p(1 - \frac{r}{100} )$

or, pt = $6500(1-14.3/100)

by simplifying it we get,

The, present price is $5570.5.

now, if you are searching for depreciated amount only then,

depreciated amount =$6500-$5570.5

=$929.5.

Hope it helps...