A JetSki depreciates at 11% of its original value each year. if the Jetski is $8000 at a time of purchase what is the value of a JetSki after five years?

Question

Mathematics

Clay Warren

10 May, 22:12

A JetSki depreciates at 11% of its original value each year. if the Jetski is $8000 at a time of purchase what is the value of a JetSki after five years?

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Answers (1)

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Kaylah Espinoza · Answer 1

The rule for this is

Value after n years = 8000 (1 - 0.11) ^n = 8000 (0.89) ^n

so after 5 years the value is 8000 (0.89) ^5 = $4467 to the nearest dollar.