## Related questions with answers

Question

A company buys a fleet of six vans for 20,000. During the next 5 years, the fleet will depreciate at a rate of 30 percent per year. (That is, at the end of each year, the depreciated value will be 70percent the value at the beginning of the year.)

(a) Find the formula for the nth term of a geometric sequence that gives the value of the fleet t full years after it was purchased.

(b) Find the depreciated value of the fleet at the end of 5 full years.

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 5In order to solve this exercise you have to analyze the first few terms of the described sequence and using the observed principle you can find the wanted formula.

Using this formula will help you find the wanted value.

## Create a free account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy

## Create a free account to view solutions

By signing up, you accept Quizlet's Terms of Service and Privacy Policy

## Recommended textbook solutions

#### Precalculus with Limits

5th Edition•ISBN: 9781285530871Bruce H. Edwards, Robert P. Hostetler, Ron Larson9,264 solutions

## More related questions

- trigonometry
- trigonometry
- trigonometry

1/4

- trigonometry
- trigonometry
- trigonometry

1/7