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So the problem ask on which of the following choices you had is the points should the banner be attached in the archway and the best answer among the choices will be letter C. (1.5, 4.87) and (3.5, 4.37). I hope this will help you and feel free to ask for more.
Answer:
V(t) = 25000 * (0.815)^t
The depreciation from year 3 to year 4 was $2503.71
Step-by-step explanation:
We can model V(t) as an exponencial function:
V(t) = Vo * (1+r)^t
Where Vo is the inicial value of the car, r is the depreciation rate and t is the amount of years.
We have that Vo = 25000, r = -18.5% = -0.185, so:
V(t) = 25000 * (1-0.185)^t
V(t) = 25000 * (0.815)^t
In year 3, we have:
V(3) = 25000 * (0.815)^3 = 13533.58
In year 4, we have:
V(4) = 25000 * (0.815)^4 = 11029.87
The depreciation from year 3 to year 4 was:
V(3) - V(4) = 13533.58 - 11029.87 = $2503.71
First we find the area 10 x 21 = 210 then we multiply 210 x .70 and we get 147.00 total cost. d. 147.00
