FinAlgA: U3,MC2 - Depreciation
Authored by Joy Karsgaard
Mathematics
11th - 12th Grade
Used 6+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The Depreciation remains constant according to which method?
Sum of Years Digits
Exponential
Declining Balance
Straight Line Method
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The graph of a straight line depreciation equation is shown. What is the original value of the car?
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The graph of a straight line depreciation equation is shown. How many years will it take for the car to depreciate to 50% of its original value?
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The straight line depreciation equation for a luxury car is y=-3400x+85000. How many years will it take for the car to totally depreciate?
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Chris purchased a used car for $19,700. The car depreciates exponentially by 10% per year. How much will the car be worth after 6 years? Round your answer to the nearest cent.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Raphael purchased a 3 year old car for $16000. He was told that this make and model depreciates exponentially at a rate of 5.45% per year. What was the original price of the car when it was new?
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