The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t) = 800,000(0.9)*

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
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Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 6E
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What is the rate of depreciation​ (in dollars per​ year) after 5 ​years?

The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions.
S(t) = 800,000(0.9)*
Transcribed Image Text:The salvage value S (in dollars) of a company limosine after t years is estimated to be given by the formula below. Use the formula to answer the questions. S(t) = 800,000(0.9)*
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