Value in t years = V(t) = 11000(1 - 0.07)t = 11000(0.93)t
Value in 7 years = V(7) = 11000(0.93)7 = $6618.71
Ellie H.
asked • 08/27/19How much will the motorcycle be worth in seven years ?
Mr. Rua's motorcycle was worth $11,000 when he bought it. The value of the motorcycle depreciates (decays) by 7% every year. How much will the motorcycle be worth in seven years ?
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