Ajet ski depreciates at 11% of its original value each year. if the jet ski was $8,000 as it’s time of purchase, what is the value of the jet ski after 5 years

f(x) = 8000 - (8000)(0.11)x

     = 8000 - 880x

f(5) = 8000 - 880(5)

     = 8000 - 4400

     = 3600

$3,600

$4467.25

Step-by-step explanation:

We have been given that a jet ski depreciates at 11% of its original value each year. The jet ski was $8,000 as it’s time of purchase.

We will exponential decay function to solve our given problem.

, where,

a = Initial value,

r = Decay rate in decimal form.

Therefore, the value of ski jet after 5 years would be $4467.25.

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step-by-step explanation:

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