Ask Question
15 October, 16:33

You bought a guitar 6 years ago for $400. It's value decreases by about 13% per year. Write a formula to show the value of the guitar over those six years and determine its current value

+3
Answers (1)
  1. 15 October, 18:29
    0
    This would be a depreciation formula

    which is value = Original price x (1-percent change) ^time

    using the information from the problem

    Value = 400 x (1-0.13) ^6

    value = 400 x 0.87^6

    value = $173.45
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You bought a guitar 6 years ago for $400. It's value decreases by about 13% per year. Write a formula to show the value of the guitar over ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers