QuestionThe general equation for depreciation is given by , where current value, original cost, rate of depreciation, and time, in years. A car was purchased 6 years ago for . If the annual depreciation rate is , which equation can be used to determine the approximate current value of the car?
Studdy Solution
Simplify the expression:
Calculate :
Substitute back into the equation:
The equation that can be used to determine the approximate current value of the car is:
This matches the first option provided.
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