the general equation for depreciation is given by y = a(1 - r)^t, where y = current value, a = original…

the general equation for depreciation is given by y = a(1 - r)^t, where y = current value, a = original cost, r = rate of depreciation, and t = time, in years. a car was purchased 6 years ago for $25,000. if the annual depreciation rate is 11%, which equation can be used to determine the approximate current value of the car?\no y = 25,000(0.89)^6\no y=(25,000 - 0.11)^6\no y=(25,000 - 0.89)^6\no y = 25,000(0.11)^6

the general equation for depreciation is given by y = a(1 - r)^t, where y = current value, a = original cost, r = rate of depreciation, and t = time, in years. a car was purchased 6 years ago for $25,000. if the annual depreciation rate is 11%, which equation can be used to determine the approximate current value of the car?\no y = 25,000(0.89)^6\no y=(25,000 - 0.11)^6\no y=(25,000 - 0.89)^6\no y = 25,000(0.11)^6

Answer

Explanation:

Step1: Identify given values

$A = 25000$, $r=0.11$, $t = 6$

Step2: Substitute into formula

$y=A(1 - r)^t$ becomes $y = 25000\times(1 - 0.11)^6$.

Step3: Simplify expression

$1-0.11=0.89$, so $y = 25000\times(0.89)^6$

Answer:

A. $y = 25000(0.89)^6$