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A wedding valued at $38.000 depreciates at a steady rate of 9% per year. What Is the value of the wedding machine in 10 years.

A wedding valued at $38.000 depreciates at a steady rate of 9% per year. What Is the value of the wedding machine in 10 years.
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a wedding valued at $38.000 depreciates at a steady rate of 9% per year. What Is the value of the wedding machine in 10 years.

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User Senay
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1 Answer

1 vote
So, let's start with the equation.
Since it is decreasing by 9%, it is 91% of what it was before.
38×0.91^x=y
Let's replace x with 10.
38×0.389416118118107
≈14.80
The value of the wedding machine in ten years is $14.80.
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User Nilesh Wagh
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8.3k points
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