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Question

A company buys a fleet of six vans for 130,000.Duringthenext5years,thefleetwilldepreciateatarateof30130,000. During the next 5 years, the fleet will depreciate at a rate of 30% per year. (That is, at the end of each year, the depreciated value will be 70% of the value at the beginning of the year.) (a) Find the formula for then t h$ 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.

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Answered 2 years ago
Answered 2 years ago
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The goal of this task is to

a) find the formula for the nnth term of a geometric sequence that gives the value of the fleet tt full years after it was purchased

b) find the depresciated value of the fleet at the end of 55 full years

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