Mathematics, 05.03.2022 06:00 Jasten

The general equation for depreciation is given by y = A(1 – r)t, where y = current value, A = original cost, r = rate of depreciation, and t = time, in years. A car was purchased 6 years ago for $25,000. If the annual depreciation rate is 11%, which equation can be used to determine the approximate current value of the car?.

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The general equation for depreciation is given by y = A(1 – r)t, where y = current value, A = origin...

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