Respuesta :
Answer:
$15973.4
Step-by-step explanation:
The formula for depreciation is:
a(1 - r)^t
a = Initial value =$36,000
r = depreciation rate = 15% = 0.15
t = time in years = 5 years
The depreciation value = $36000 × (1 - 0.15)⁵
= 36000(0.85)⁵
= $15973.39125
Approximately = $15973.4
The value of the boat is $15,973 after 5 years.
Given that,
- New boat cost is (A) $36,000.
- Depreciation rate is (r) 15%.
- We need to find the value of boat after (t) 5 years.
According to the scenario, computation of the given data are as follows,
Value of boat = [tex]A (1 - r )^{t}[/tex]
By putting the value, we get
Value = [tex]36,000(1 - 0.15)^{5}[/tex]
= [tex]36,000(0.85)^{5}[/tex]
= 36,000 [tex]\times[/tex] 0.4437053125
= $15,973.4 or $15,973
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