An Arabian camel can travel 20 miles in 8 hours, carrying a 300-pound load on its back. At this rate, how far can the camel trav
1 answer:
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Answer:
Option C. $6,012
Step-by-step explanation:
we know that
The formula to calculate the depreciated value is equal to
where
V is the the depreciated value
P is the original value
r is the rate of depreciation in decimal
t is Number of Time Periods
in this problem we have
t = 7 years
P = $8,000
r = 0.04
substitute in the formula above
Hope this helps :)